Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,400 shares of the retailer’s stock after buying an additional 231 shares during the quarter. Signaturefd LLC’s holdings in Costco Wholesale were worth $10,540,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after buying an additional 473,702 shares in the last quarter. Norges Bank purchased a new position in shares of Costco Wholesale during the 4th quarter worth $3,628,694,000. Capital World Investors lifted its stake in shares of Costco Wholesale by 8.1% during the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after purchasing an additional 285,533 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Costco Wholesale by 3.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock worth $1,844,581,000 after purchasing an additional 85,398 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Costco Wholesale by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after purchasing an additional 77,345 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale 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 sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST traded up $5.75 during trading hours on Friday, reaching $892.38. The company’s stock had a trading volume of 1,931,611 shares, compared to its average volume of 1,963,146. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $853.32 and a 200 day simple moving average of $792.84. Costco Wholesale Co. has a 52 week low of $539.31 and a 52 week high of $918.93. The stock has a market cap of $395.62 billion, a PE ratio of 55.29, a PEG ratio of 5.84 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter last year, the company posted $3.43 earnings per share. Costco Wholesale’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets increased their price target on Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Barclays increased their price target on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Truist Financial increased their price target on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Bank of America increased their target price on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Tigress Financial increased their target price on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $824.50.

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.