Waypoint Wealth Partners Inc. Grows Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• Waypoint Wealth Partners Inc. increased its investment in Costco Wholesale Corporation by 52.0% during Q2, now holding 2,198 shares valued at approximately $2,176,000.
• Costco's stock has experienced a decline of 1.1% recently, with shares trading at $952.36 as of Friday.
• The company declared a quarterly dividend of $1.30 per share, resulting in an annualized yield of 0.5% and a payout ratio of 29.50%.

Waypoint Wealth Partners Inc. boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 52.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,198 shares of the retailer's stock after purchasing an additional 752 shares during the quarter. Costco Wholesale makes up approximately 0.5% of Waypoint Wealth Partners Inc.'s holdings, making the stock its 20th largest position. Waypoint Wealth Partners Inc.'s holdings in Costco Wholesale were worth $2,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Investment Management Corp VA ADV bought a new stake in Costco Wholesale during the 4th quarter valued at $25,000. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale in the 2nd quarter worth $25,000. Anderson Financial Strategies LLC grew its holdings in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock worth $38,000 after acquiring an additional 36 shares during the last quarter. eCIO Inc. acquired a new position in shares of Costco Wholesale in the 1st quarter worth $48,000. Finally, Aspect Partners LLC grew its holdings in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Costco Wholesale Trading Down 0.1%

COST traded down $1.20 during trading on Friday, reaching $951.16. 4,601,598 shares of the stock traded hands, compared to its average volume of 1,916,574. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $421.82 billion, a PE ratio of 53.95, a P/E/G ratio of 5.35 and a beta of 0.97. The stock's 50-day moving average is $957.97 and its 200 day moving average is $972.23. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COST shares. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Evercore ISI reduced their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday, June 17th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, August 27th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Finally, Erste Group Bank cut Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,056.67.

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.