Asset Management One Co. Ltd. Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Asset Management One Co. Ltd. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,748 shares of the retailer’s stock after acquiring an additional 10,320 shares during the period. Asset Management One Co. Ltd.’s holdings in Costco Wholesale were worth $109,919,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC lifted its position in Costco Wholesale by 32.7% during the third quarter. Jennison Associates LLC now owns 4,345,886 shares of the retailer’s stock valued at $2,052,432,000 after purchasing an additional 1,070,128 shares during the last quarter. Public Investment Fund bought a new position in Costco Wholesale during the second quarter valued at $496,810,000. Great West Life Assurance Co. Can bought a new position in Costco Wholesale during the third quarter valued at $331,438,000. Wells Fargo & Company MN lifted its position in Costco Wholesale by 19.1% during the second quarter. Wells Fargo & Company MN now owns 3,045,401 shares of the retailer’s stock valued at $1,459,600,000 after purchasing an additional 488,601 shares during the last quarter. Finally, Carmignac Gestion lifted its position in Costco Wholesale by 18,651.2% during the second quarter. Carmignac Gestion now owns 223,139 shares of the retailer’s stock valued at $106,943,000 after purchasing an additional 221,949 shares during the last quarter. 66.03% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 2.3 %

NASDAQ COST opened at $480.11 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.47 and a current ratio of 1.03. The company has a market capitalization of $213.04 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 3.52 and a beta of 0.77. The company’s 50-day simple moving average is $487.23 and its two-hundred day simple moving average is $501.67. Costco Wholesale Co. has a one year low of $406.51 and a one year high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its earnings results on Thursday, December 8th. The retailer reported $3.10 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.04). The business had revenue of $54.44 billion for the quarter, compared to analysts’ expectations of $54.67 billion. Costco Wholesale had a net margin of 2.55% and a return on equity of 28.83%. Equities analysts forecast that Costco Wholesale Co. will post 14.28 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, February 3rd will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, February 2nd. Costco Wholesale’s dividend payout ratio (DPR) is 27.21%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $495.97, for a total transaction of $991,940.00. Following the transaction, the executive vice president now owns 5,685 shares of the company’s stock, valued at approximately $2,819,589.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Claudine Adamo sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $495.97, for a total value of $991,940.00. Following the transaction, the executive vice president now owns 5,685 shares of the company’s stock, valued at approximately $2,819,589.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $483.58, for a total transaction of $483,580.00. Following the completion of the transaction, the executive vice president now directly owns 11,593 shares in the company, valued at approximately $5,606,142.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,452 shares of company stock valued at $2,651,811. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Costco Wholesale from $490.00 to $450.00 in a research report on Friday, December 9th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, December 9th. Citigroup lowered their target price on shares of Costco Wholesale from $545.00 to $530.00 in a report on Friday, December 9th. DA Davidson raised their target price on shares of Costco Wholesale from $470.00 to $478.00 in a report on Friday, January 6th. Finally, UBS Group raised their target price on shares of Costco Wholesale from $565.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, January 6th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $553.78.

About Costco Wholesale

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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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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