Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 215,818 shares of the retailer’s stock after acquiring an additional 3,242 shares during the period. Costco Wholesale accounts for about 0.7% of Asset Management One Co. Ltd.’s portfolio, making the stock its 24th biggest position. Asset Management One Co. Ltd.’s holdings in Costco Wholesale were worth $191,327,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the period. Capital World Investors grew its holdings in Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after buying an additional 285,533 shares in the last quarter. Legal & General Group Plc increased its position in Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after acquiring an additional 88,550 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after acquiring an additional 338,780 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Cowen increased their price target on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Loop Capital upped their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research report on Tuesday, September 24th. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Finally, Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Stock Up 0.2 %

Costco Wholesale stock opened at $878.68 on Monday. The firm’s 50 day moving average price is $892.20 and its two-hundred day moving average price is $845.83. The firm has a market cap of $389.32 billion, a PE ratio of 52.95, a P/E/G ratio of 5.38 and a beta of 0.80. Costco Wholesale Co. has a twelve month low of $560.13 and a twelve month high of $923.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $4.86 earnings per share. On average, research analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is 28.00%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by corporate insiders.

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.