Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Lantz Financial LLC

Lantz Financial LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 648 shares of the retailer’s stock after purchasing an additional 21 shares during the quarter. Lantz Financial LLC’s holdings in Costco Wholesale were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sciencast Management LP acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $297,000. Windsor Group LTD grew its holdings in Costco Wholesale by 3.2% in the 2nd quarter. Windsor Group LTD now owns 1,256 shares of the retailer’s stock valued at $676,000 after buying an additional 39 shares in the last quarter. W.H. Cornerstone Investments Inc. grew its holdings in Costco Wholesale by 1.6% in the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 6,411 shares of the retailer’s stock valued at $3,451,000 after buying an additional 101 shares in the last quarter. American National Bank grew its holdings in Costco Wholesale by 6.7% in the 2nd quarter. American National Bank now owns 20,626 shares of the retailer’s stock valued at $11,105,000 after buying an additional 1,290 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA lifted its stake in shares of Costco Wholesale by 4.5% in the 2nd quarter. Marshall & Sullivan Inc. WA now owns 1,339 shares of the retailer’s stock valued at $721,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. StockNews.com initiated coverage on Costco Wholesale in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock. Wells Fargo & Company increased their target price on Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. Jefferies Financial Group increased their price objective on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, UBS Group increased their price objective on Costco Wholesale from $560.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $566.63.

Insiders Place Their Bets

In related news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 0.3 %

Shares of NASDAQ:COST traded down $1.81 during midday trading on Tuesday, reaching $560.91. The company’s stock had a trading volume of 117,262 shares, compared to its average volume of 1,783,379. The business has a 50 day moving average price of $551.21 and a 200 day moving average price of $519.89. Costco Wholesale Co. has a 1 year low of $447.90 and a 1 year high of $571.16. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. The firm has a market cap of $248.54 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 4.11 and a beta of 0.79.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.