Pinnacle Wealth Management Advisory Group LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,674 shares of the retailer’s stock after acquiring an additional 217 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Costco Wholesale were worth $662,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Baillie Gifford & Co. acquired a new position in Costco Wholesale in the 2nd quarter valued at $31,000. KB Financial Partners LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $35,000. Sage Financial Management Group Inc. purchased a new position in shares of Costco Wholesale during the 1st quarter valued at approximately $38,000. West Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 100.0% during the 2nd quarter. West Financial Advisors LLC now owns 100 shares of the retailer’s stock valued at $40,000 after buying an additional 50 shares during the last quarter. Finally, PNC Managed Account Solutions Inc. bought a new position in Costco Wholesale during the second quarter worth $42,000. Institutional investors own 66.96% of the company’s stock.

In other Costco Wholesale news, VP Joseph P. Portera sold 3,287 shares of the stock in a transaction on Friday, August 13th. The shares were sold at an average price of $445.50, for a total transaction of $1,464,358.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Roland Michael Vachris sold 4,000 shares of the stock in a transaction dated Monday, July 12th. The shares were sold at an average price of $409.40, for a total transaction of $1,637,600.00. Following the completion of the sale, the vice president now owns 11,602 shares of the company’s stock, valued at $4,749,858.80. The disclosure for this sale can be found here. Insiders sold 11,287 shares of company stock worth $4,686,519 in the last quarter. Company insiders own 0.22% of the company’s stock.

A number of research firms recently issued reports on COST. Raymond James lifted their target price on Costco Wholesale from $415.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Telsey Advisory Group boosted their price objective on Costco Wholesale from $465.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, September 2nd. Jefferies Financial Group increased their price target on Costco Wholesale from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Thursday, September 2nd. increased their price target on Costco Wholesale from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, June 2nd. Finally, Robert W. Baird increased their target price on Costco Wholesale from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, September 2nd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $441.32.

Shares of Costco Wholesale stock opened at $458.41 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.44. Costco Wholesale Co. has a 12-month low of $307.00 and a 12-month high of $469.77. The firm has a market capitalization of $202.65 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 4.35 and a beta of 0.66. The firm’s 50 day simple moving average is $438.72 and its two-hundred day simple moving average is $392.44.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.69%. Costco Wholesale’s payout ratio is currently 35.71%.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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