ORG Partners LLC Has $3.14 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

ORG Partners LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,415 shares of the retailer’s stock after purchasing an additional 1,108 shares during the quarter. ORG Partners LLC’s holdings in Costco Wholesale were worth $3,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth about $29,000. Fairway Wealth LLC grew its holdings in shares of Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $58,000. Christopher J. Hasenberg Inc lifted its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.2 %

Shares of COST traded up $1.85 during trading hours on Friday, hitting $929.22. The stock had a trading volume of 835,963 shares, compared to its average volume of 1,622,404. Costco Wholesale Co. has a 1-year low of $667.64 and a 1-year high of $1,008.25. The firm has a market capitalization of $412.48 billion, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The firm has a 50 day simple moving average of $946.73 and a 200-day simple moving average of $897.99. 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 disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is 27.25%.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of the 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 of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.