Marshall & Sullivan Inc. WA raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,339 shares of the retailer’s stock after acquiring an additional 58 shares during the quarter. Marshall & Sullivan Inc. WA’s holdings in Costco Wholesale were worth $721,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of COST. Morgan Stanley grew its position in Costco Wholesale by 18.0% in the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after acquiring an additional 1,315,174 shares in the last quarter. Geode Capital Management LLC grew its position in Costco Wholesale by 1.4% in the first quarter. Geode Capital Management LLC now owns 8,210,385 shares of the retailer’s stock worth $4,069,186,000 after acquiring an additional 111,505 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after acquiring an additional 7,390,278 shares in the last quarter. Bank of New York Mellon Corp grew its position in Costco Wholesale by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 5,595,523 shares of the retailer’s stock worth $2,780,247,000 after acquiring an additional 535,776 shares in the last quarter. Finally, Norges Bank purchased a new position in Costco Wholesale in the fourth quarter worth about $2,328,844,000. 66.31% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. UBS Group boosted their target price on Costco Wholesale from $560.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Jefferies Financial Group increased their price objective on Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. StockNews.com initiated coverage on Costco Wholesale in a report on Wednesday, August 23rd. They set a “hold” rating for the company. Wells Fargo & Company upped their target price on Costco Wholesale from $475.00 to $510.00 in a report on Thursday, August 3rd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $575.00 target price on shares of Costco Wholesale in a report on Monday. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $566.63.
Costco Wholesale Trading Up 1.1 %
COST stock opened at $562.72 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 12-month low of $447.90 and a 12-month high of $571.16. The stock has a market cap of $249.34 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 4.11 and a beta of 0.79. The business’s 50-day moving average is $551.21 and its 200 day moving average is $519.89.
Costco Wholesale Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is 30.22%.
Insiders Place Their Bets
In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now directly owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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