Darwin Wealth Management LLC Acquires 927 Shares of Costco Wholesale Co. (NASDAQ:COST)

Darwin Wealth Management LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 24.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,720 shares of the retailer’s stock after purchasing an additional 927 shares during the period. Darwin Wealth Management LLC’s holdings in Costco Wholesale were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its holdings in shares of Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after acquiring an additional 7,390,278 shares during the period. Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter worth about $2,328,844,000. Morgan Stanley boosted its stake in Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after purchasing an additional 1,315,174 shares during the period. CI Private Wealth LLC purchased a new position in Costco Wholesale during the 4th quarter valued at about $245,698,000. Finally, Bank of New York Mellon Corp increased its position in shares of Costco Wholesale by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 5,595,523 shares of the retailer’s stock valued at $2,780,247,000 after buying an additional 535,776 shares during the period. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the completion of the sale, the director now owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $562.72 on Tuesday. The company has a 50-day simple moving average of $551.21 and a two-hundred day simple moving average of $519.89. Costco Wholesale Co. has a 12-month low of $447.90 and a 12-month high of $571.16. The firm has a market cap of $249.34 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 4.11 and a beta of 0.79. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio is presently 30.22%.

Analyst Ratings Changes

A number of equities analysts have recently commented on COST shares. VNET Group restated a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. Truist Financial raised their price target on shares of Costco Wholesale from $567.00 to $597.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Loop Capital upped their price target on shares of Costco Wholesale from $545.00 to $570.00 in a report on Friday, June 2nd. StockNews.com initiated coverage on Costco Wholesale in a research note on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, Wells Fargo & Company upped their target price on Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $566.63.

Costco Wholesale Company 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.