Oak Grove Capital LLC Has $19.92 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Oak Grove Capital LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,590 shares of the retailer’s stock after selling 2,134 shares during the quarter. Costco Wholesale accounts for 4.0% of Oak Grove Capital LLC’s portfolio, making the stock its 7th biggest holding. Oak Grove Capital LLC’s holdings in Costco Wholesale were worth $19,919,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Costco Wholesale during the first quarter valued at about $26,000. Evolution Advisers Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $28,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $30,000. Lansing Street Advisors purchased a new stake in shares of Costco Wholesale in the first quarter worth $41,000. Finally, Mystic Asset Management Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $40,000. Institutional investors own 67.52% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, Director Mary Agnes Wilderotter acquired 850 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the purchase, the director now directly owns 11,295 shares of the company’s stock, valued at $5,317,008.30. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other Costco Wholesale news, Director Mary Agnes Wilderotter acquired 850 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were bought at an average cost of $470.74 per share, with a total value of $400,129.00. Following the completion of the acquisition, the director now owns 11,295 shares in the company, valued at $5,317,008.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total value of $505,600.00. Following the transaction, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,300 shares of company stock worth $2,609,904. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COST has been the topic of several research analyst reports. BMO Capital Markets restated a “buy” rating and issued a $580.00 price objective on shares of Costco Wholesale in a research report on Monday, May 30th. Loop Capital cut their price objective on shares of Costco Wholesale from $650.00 to $610.00 and set a “buy” rating for the company in a report on Friday, May 27th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. Truist Financial upped their price target on shares of Costco Wholesale from $543.00 to $571.00 in a research note on Thursday, August 4th. Finally, Robert W. Baird reduced their target price on shares of Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $576.68.

Costco Wholesale Stock Down 0.0 %

NASDAQ:COST traded down $0.10 during trading hours on Wednesday, reaching $552.92. The company’s stock had a trading volume of 26,552 shares, compared to its average volume of 2,001,135. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market capitalization of $244.92 billion, a P/E ratio of 43.54, a price-to-earnings-growth ratio of 4.56 and a beta of 0.69. The stock has a 50 day moving average price of $502.59 and a two-hundred day moving average price of $518.07. Costco Wholesale Co. has a 12 month low of $406.51 and a 12 month high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The retailer reported $3.17 EPS for the quarter, beating the consensus estimate of $3.00 by $0.17. The business had revenue of $52.60 billion during the quarter, compared to analysts’ expectations of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 EPS. Equities analysts predict that Costco Wholesale Co. will post 13.05 EPS for the current fiscal year.

Costco Wholesale Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, July 28th. Costco Wholesale’s dividend payout ratio (DPR) is 28.35%.

Costco Wholesale Company Profile

(Get Rating)

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.

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

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