Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,699 shares of the retailer’s stock after acquiring an additional 21 shares during the quarter. Costco Wholesale comprises about 2.3% of Sage Capital Advisors llc’s investment portfolio, making the stock its 8th largest position. Sage Capital Advisors llc’s holdings in Costco Wholesale were worth $8,887,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC grew its stake in shares of Costco Wholesale by 1,300.0% during the second quarter. Quest Partners LLC now owns 308 shares of the retailer’s stock worth $262,000 after purchasing an additional 286 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Costco Wholesale by 1.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,402 shares of the retailer’s stock worth $6,292,000 after buying an additional 104 shares during the period. American Century Companies Inc. increased its stake in shares of Costco Wholesale by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 1,394,060 shares of the retailer’s stock valued at $1,184,937,000 after acquiring an additional 30,359 shares during the last quarter. Campbell Wealth Management acquired a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $237,000. Finally, Y.D. More Investments Ltd boosted its stake in Costco Wholesale by 12.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,026 shares of the retailer’s stock worth $872,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST stock traded up $11.53 during midday trading on Friday, reaching $938.90. 1,413,409 shares of the company were exchanged, compared to its average volume of 1,724,087. The firm has a market capitalization of $416.78 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The business has a 50-day moving average price of $946.73 and a two-hundred day moving average price of $897.99. Costco Wholesale Co. has a one year low of $667.64 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Melius Research started coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value 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 approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is 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.