Oliver Lagore Vanvalin Investment Group Makes New Investment in Costco Wholesale Corporation $COST

Key Points

• The Oliver Lagore Vanvalin Investment Group acquired a new stake in Costco Wholesale Corporation, purchasing 2,148 shares valued at approximately $2,032,000.
• Recent analysis from multiple research firms has resulted in mixed ratings for Costco, with the consensus rating being "Moderate Buy" and a price target averaging $1,056.67.
• Costco announced a quarterly dividend of $1.30 per share, yielding 0.5% with a dividend payout ratio of 29.50%.

Oliver Lagore Vanvalin Investment Group bought a new position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,148 shares of the retailer's stock, valued at approximately $2,032,000.

Other large investors also recently modified their holdings of the company. Corps Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.7% in the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock valued at $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd grew its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer's stock valued at $119,000 after acquiring an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. raised its stake in shares of Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after purchasing an additional 11 shares during the period. Bank & Trust Co raised its stake in shares of Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the period. Finally, Amplius Wealth Advisors LLC raised its stake in shares of Costco Wholesale by 1.3% during the 1st quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer's stock worth $819,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company's stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated 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 transaction, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

COST stock traded down $1.20 during mid-day trading on Friday, reaching $951.16. 4,601,598 shares of the company traded hands, compared to its average volume of 1,916,574. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The company has a market capitalization of $421.82 billion, a P/E ratio of 53.95, a P/E/G ratio of 5.34 and a beta of 0.97. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a fifty day moving average price of $957.97 and a 200-day moving average price of $972.23.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's payout ratio is presently 29.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial lifted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Wolfe Research assumed coverage on Costco Wholesale in a research note on Thursday. They set a "peer perform" rating on the stock. Finally, Erste Group Bank cut Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,056.67.

Costco Wholesale 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.