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Brinker Capital Investments LLC Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Brinker Capital Investments LLC decreased its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,577 shares of the retailer’s stock after selling 907 shares during the quarter. Brinker Capital Investments LLC’s holdings in Costco Wholesale were worth $9,546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COST. Hapanowicz & Associates Financial Services Inc bought a new position in shares of Costco Wholesale in the fourth quarter worth about $227,000. Covestor Ltd bought a new position in shares of Costco Wholesale in the fourth quarter worth about $71,000. Guardian Capital Advisors LP boosted its stake in shares of Costco Wholesale by 0.4% in the fourth quarter. Guardian Capital Advisors LP now owns 7,229 shares of the retailer’s stock worth $3,801,000 after acquiring an additional 30 shares during the period. Guardian Capital LP boosted its stake in shares of Costco Wholesale by 0.5% in the fourth quarter. Guardian Capital LP now owns 56,911 shares of the retailer’s stock worth $32,308,000 after acquiring an additional 280 shares during the period. Finally, Texas Yale Capital Corp. boosted its stake in shares of Costco Wholesale by 1.6% in the fourth quarter. Texas Yale Capital Corp. now owns 10,481 shares of the retailer’s stock worth $5,950,000 after acquiring an additional 170 shares during the period. Institutional investors own 66.83% of the company’s stock.

Costco Wholesale Trading Up 1.4 %

COST opened at $536.58 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $237.69 billion, a P/E ratio of 42.25, a PEG ratio of 4.05 and a beta of 0.70. The stock’s fifty day moving average is $527.83 and its two-hundred day moving average is $520.99. Costco Wholesale Co. has a 52 week low of $406.51 and a 52 week high of $612.27.

Costco Wholesale Cuts Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on COST. BMO Capital Markets reissued a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Jefferies Financial Group reissued a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research note on Friday, July 29th. Credit Suisse Group dropped their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Telsey Advisory Group dropped their price target on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a research note on Friday, May 27th. Finally, Oppenheimer increased their price target on Costco Wholesale from $535.00 to $600.00 in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $575.28.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, VP James P. Murphy sold 2,500 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the sale, the vice president now owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $505.60, for a total value of $505,600.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares of the company’s stock, valued at approximately $13,019,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total value of $1,160,000.00. Following the completion of the sale, the vice president now directly owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,300 shares of company stock valued at $2,609,904. 0.22% of the stock is currently owned by corporate insiders.

About Costco Wholesale

(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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