2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company boosted its stake in Costco Wholesale Co. ( NASDAQ:COST – Free Report ) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 312,946 shares of the retailer’s stock after purchasing an additional 6,750 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Costco Wholesale worth $266,001,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Strong Tower Advisory Services boosted its stake in Costco Wholesale by 7.9% during the first quarter.
Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the last quarter. J.W.
Cole Advisors Inc. boosted its position in shares of Costco Wholesale by 52.1% during the 2nd quarter.
J.W. Cole Advisors Inc.
now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after acquiring an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Costco Wholesale by 22.8% in the second quarter.
Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 656 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in shares of Costco Wholesale by 30.8% in the second quarter.
Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Aspiriant LLC raised its stake in Costco Wholesale by 6.1% during the first quarter.
Aspiriant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.
Costco Wholesale Price Performance Shares of COST stock opened at $901.44 on Friday. The stock has a market capitalization of $399.
64 billion, a price-to-earnings ratio of 55.85, a P/E/G ratio of 5.57 and a beta of 0.
80. The company has a current ratio of 0.94, a quick ratio of 0.
45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co.
has a twelve month low of $540.23 and a twelve month high of $923.83.
The stock has a fifty day simple moving average of $869.72 and a two-hundred day simple moving average of $814.95.
Costco Wholesale Announces Dividend Wall Street Analyst Weigh In A number of equities analysts have commented on COST shares. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $775.00 to $800.
00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Oppenheimer lifted their price target on Costco Wholesale from $925.00 to $955.
00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Melius Research assumed coverage on Costco Wholesale in a research report on Monday. They set a “hold” rating and a $950.
00 price objective on the stock. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company.
in a report on Tuesday. Finally, Roth Mkm reissued a “neutral” rating and set a $676.00 target price (up previously from $650.
00) on shares of Costco Wholesale in a research report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $857.48. View Our Latest Stock Analysis on COST Insider Activity In related news, insider Daniel M.
Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.
00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . In related news, Director Susan L. Decker sold 620 shares of the business’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 transaction of $543,430.00.
Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.
20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.
40. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 4,974 shares of company stock worth $4,252,856.
Corporate insiders own 0.18% of the company’s stock. 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. See Also 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.com's FREE daily email newsletter .
.
