Costco Wholesale Co. (NASDAQ:COST) Shares Bought by ORG Partners LLC

ORG Partners LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,415 shares of the retailer's stock after buying an additional 1,108 shares during the quarter. ORG Partners LLC's holdings in Costco Wholesale were worth $3,135,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First International Bank & Trust increased its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. First International Bank & Trust now owns 1,330 shares of the retailer's stock worth $1,219,000 after acquiring an additional 495 shares during the last quarter. Fortitude Family Office LLC increased its position in Costco Wholesale by 48.3% during the fourth quarter. Fortitude Family Office LLC now owns 3,130 shares of the retailer's stock worth $2,868,000 after purchasing an additional 1,020 shares during the last quarter. Farmers Trust Co. raised its stake in Costco Wholesale by 66.3% during the fourth quarter. Farmers Trust Co. now owns 409 shares of the retailer's stock worth $375,000 after purchasing an additional 163 shares during the period. Private Client Services LLC increased its holdings in shares of Costco Wholesale by 2.4% during the 4th quarter. Private Client Services LLC now owns 866 shares of the retailer's stock worth $794,000 after buying an additional 20 shares during the last quarter. Finally, Park National Corp OH raised its position in shares of Costco Wholesale by 4.9% during the 4th quarter. Park National Corp OH now owns 32,994 shares of the retailer's stock valued at $30,231,000 after buying an additional 1,536 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $9.57 during trading hours on Friday, hitting $936.94. 2,764,527 shares of the company were exchanged, compared to its average volume of 1,956,132. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $947.92 and a 200-day moving average of $898.61. Costco Wholesale Co. has a 1 year low of $667.64 and a 1 year high of $1,008.25. The stock has a market capitalization of $415.91 billion, a price-to-earnings ratio of 55.02, a P/E/G ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale's dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

A number of equities research analysts have commented on COST shares. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. StockNews.com lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Friday, September 27th. DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, Melius Research assumed coverage on Costco Wholesale in a report on Monday, September 23rd. They set a "hold" rating and a $950.00 target price for the company. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

Insider Buying and Selling

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.