2 weeks Ago By ABMN Staff
Covington Investment Advisors Inc. decreased its holdings in Costco Wholesale Co. ( NASDAQ:COST – Free Report ) by 9.
0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,694 shares of the retailer’s stock after selling 862 shares during the period. Covington Investment Advisors Inc.
’s holdings in Costco Wholesale were worth $7,390,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc.
grew its holdings in shares of Costco Wholesale by 1.2% in the first 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. 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 acquiring an additional 285,533 shares during the last quarter. Legal & General Group Plc increased its position in shares of Costco Wholesale by 2.5% in the second 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. Fisher Asset Management LLC raised its stake in shares of Costco Wholesale by 3.0% during the fourth quarter.
Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock valued at $1,842,241,000 after acquiring an additional 81,853 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Costco Wholesale by 28.2% during the second quarter.
Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares during the period. Institutional investors own 68.48% of the company’s stock.
Analyst Ratings Changes COST has been the subject of a number of recent analyst reports. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday.
Wells Fargo & Company increased 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 note on Friday.
Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday.
Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Finally, Robert W.
Baird lifted their price target on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th.
Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $881.19.
Insiders Place Their Bets In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.
50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.
50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . In other news, Director Susan L.
Decker sold 620 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.
00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th.
The stock was sold at an average price of $874.05, for a total value of $437,025.00.
Following the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 4,974 shares of company stock worth $4,252,856.
Company insiders own 0.18% of the company’s stock. Costco Wholesale Trading Down 1.
8 % Shares of COST stock opened at $885.62 on Monday. The company has a debt-to-equity ratio of 0.
27, a current ratio of 0.94 and a quick ratio of 0.45.
The company has a market cap of $392.63 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 5.
47 and a beta of 0.80. Costco Wholesale Co.
has a 1 year low of $540.23 and a 1 year high of $923.83.
The firm has a fifty day moving average price of $870.67 and a 200-day moving average price of $817.28.
Costco Wholesale ( NASDAQ:COST – Get Free Report ) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.
05 by $0.10. Costco Wholesale had a return on equity of 30.
02% and a net margin of 2.83%. The business had revenue of $79.
70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the company posted $4.
86 earnings per share. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis.
As a group, equities analysts predict that Costco Wholesale Co. will post 16.02 earnings per share for the current year.
Costco Wholesale Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend.
This represents a $4.64 annualized dividend and a yield of 0.52%.
The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.
Costco Wholesale Company Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.
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