Peak Financial Advisors LLC Has $5.44 Million Position in Costco Wholesale Corporation $COST

Key Points

• Peak Financial Advisors LLC increased its position in Costco Wholesale Corporation by 58.7%, holding 5,497 shares valued at approximately $5.44 million as of the most recent quarter.
• Costco's recent quarterly dividend was $1.30 per share, with an annualized dividend yield of 0.5%, reflecting a payout ratio of 29.50%.
• Analysts have given Costco a consensus rating of "Moderate Buy" along with a price target average of $1,056.67, with various firms adjusting their price targets upwards.

Peak Financial Advisors LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 58.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,497 shares of the retailer's stock after acquiring an additional 2,033 shares during the period. Costco Wholesale comprises 2.8% of Peak Financial Advisors LLC's investment portfolio, making the stock its 8th biggest position. Peak Financial Advisors LLC's holdings in Costco Wholesale were worth $5,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. GAMMA Investing LLC boosted its holdings in Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock worth $7,717,744,000 after buying an additional 8,152,528 shares during the period. Nuveen LLC bought a new position in Costco Wholesale in the 1st quarter valued at $3,461,159,000. Vanguard Group Inc. boosted its holdings in Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer's stock valued at $40,332,515,000 after purchasing an additional 443,101 shares during the period. National Bank of Canada FI boosted its holdings in Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer's stock valued at $768,114,000 after purchasing an additional 370,806 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Costco Wholesale in the 4th quarter valued at $280,046,000. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the 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 sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company's stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,147 shares of company stock valued at $5,031,130. Insiders own 0.18% of the company's stock.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ COST traded up $3.58 during midday trading on Friday, hitting $967.90. The stock had a trading volume of 1,460,154 shares, compared to its average volume of 1,941,441. The business's 50 day moving average is $960.40 and its 200-day moving average is $974.31. The company has a market cap of $429.24 billion, a P/E ratio of 54.90, a PEG ratio of 5.45 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 quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Morgan Stanley raised their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Truist Financial raised their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Seventeen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus price target 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.