HRT Financial LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, Holdings Channel reports. The fund bought 6,020 shares of the retailer’s stock, valued at approximately $1,258,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Cypress Capital Management LLC WY lifted its stake in Costco Wholesale by 8.0% in the 2nd quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock valued at $638,000 after buying an additional 225 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Costco Wholesale by 16.8% in the 2nd quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock valued at $331,000 after buying an additional 228 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in Costco Wholesale by 11.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock valued at $486,000 after buying an additional 240 shares in the last quarter. Rational Advisors LLC lifted its stake in Costco Wholesale by 6.7% in the 2nd quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock valued at $807,000 after buying an additional 242 shares in the last quarter. Finally, BKD Wealth Advisors LLC lifted its stake in Costco Wholesale by 20.8% in the 2nd quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock valued at $300,000 after buying an additional 247 shares in the last quarter. Institutional investors own 71.49% of the company’s stock.

Shares of Costco Wholesale stock opened at $241.27 on Friday. Costco Wholesale Co. has a fifty-two week low of $154.11 and a fifty-two week high of $245.16. The firm has a market cap of $106.32 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, August 30th. Costco Wholesale’s dividend payout ratio is presently 39.18%.

A number of equities research analysts recently issued reports on COST shares. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 25th. ValuEngine raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Loop Capital upped their target price on Costco Wholesale to $230.00 and gave the company a “buy” rating in a research note on Wednesday, June 20th. Citigroup upped their target price on Costco Wholesale from $217.00 to $222.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Finally, Argus upped their target price on Costco Wholesale from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $223.94.

In related news, VP James P. Murphy sold 15,000 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the transaction, the vice president now directly owns 33,834 shares of the company’s stock, valued at approximately $7,417,089.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul G. Moulton sold 5,585 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $206.83, for a total value of $1,155,145.55. Following the completion of the transaction, the vice president now directly owns 27,988 shares in the company, valued at $5,788,758.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,585 shares of company stock worth $6,424,076. Corporate insiders own 0.74% of the company’s stock.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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