Mn Services Vermogensbeheer B.V. Purchases 3,266 Shares of Costco Wholesale Corporation $COST

Mn Services Vermogensbeheer B.V. raised its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,766 shares of the retailer’s stock after purchasing an additional 3,266 shares during the quarter. Costco Wholesale accounts for about 0.9% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 16th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Costco Wholesale were worth $148,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Silver Oak Securities Incorporated grew its holdings in shares of Costco Wholesale by 49.3% in the third quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock valued at $3,499,000 after purchasing an additional 1,248 shares in the last quarter. Permanent Capital Management LP purchased a new stake in Costco Wholesale during the third quarter valued at $874,000. Exchange Traded Concepts LLC raised its stake in Costco Wholesale by 43.6% during the third quarter. Exchange Traded Concepts LLC now owns 23,444 shares of the retailer’s stock valued at $21,700,000 after purchasing an additional 7,116 shares in the last quarter. FORA Capital LLC bought a new position in Costco Wholesale during the third quarter valued at $2,781,000. Finally, Lombard Odier Asset Management Switzerland SA lifted its position in Costco Wholesale by 8.9% during the second quarter. Lombard Odier Asset Management Switzerland SA now owns 18,132 shares of the retailer’s stock valued at $17,950,000 after purchasing an additional 1,480 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $996.58 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market capitalization of $442.13 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 4.86 and a beta of 1.00. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,067.08. The company’s 50-day moving average is $987.35 and its 200 day moving average is $939.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, March 5th. The retailer reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $0.03. The business had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.02 earnings per share. Research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, January 30th. Costco Wholesale’s dividend payout ratio (DPR) is 27.04%.

Analyst Ratings Changes

A number of analysts have recently weighed in on COST shares. JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,060.00 and gave the stock an “overweight” rating in a report on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, March 6th. Mizuho lifted their price target on Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Roth Mkm reissued a “sell” rating on shares of Costco Wholesale in a research note on Wednesday, February 4th. Finally, Evercore set a $1,100.00 price objective on Costco Wholesale in a research report on Monday, March 2nd. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,039.13.

Read Our Latest Research Report on Costco Wholesale

More Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $916.32, for a total value of $1,374,480.00. Following the transaction, the executive vice president owned 8,240 shares of the company’s stock, valued at $7,550,476.80. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James C. Klauer sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the sale, the executive vice president directly owned 44,837 shares of the company’s stock, valued at $42,101,943. This represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 5,038 shares of company stock valued at $4,790,896. 0.10% of the stock is owned by company insiders.

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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