B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,300 shares of the retailer’s stock, valued at approximately $1,108,000.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Costco Wholesale by 3.3% in the 2nd quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock worth $5,667,910,000 after purchasing an additional 858,755 shares in the last quarter. FMR LLC increased its holdings in shares of Costco Wholesale by 13.5% in the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after purchasing an additional 1,256,873 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Costco Wholesale by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 2,597,844 shares of the retailer’s stock worth $542,898,000 after purchasing an additional 109,028 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Costco Wholesale by 1.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock worth $376,180,000 after purchasing an additional 23,227 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Costco Wholesale by 8.6% in the 2nd quarter. Bank of Montreal Can now owns 1,705,602 shares of the retailer’s stock worth $356,437,000 after purchasing an additional 134,814 shares in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $208.42, for a total transaction of $625,260.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,803,666.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul G. Moulton sold 5,585 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $206.83, for a total value of $1,155,145.55. Following the sale, the vice president now directly owns 27,988 shares of the company’s stock, valued at approximately $5,788,758.04. The disclosure for this sale can be found here. Insiders have sold 29,585 shares of company stock valued at $6,424,076 in the last three months. 0.74% of the stock is currently owned by corporate insiders.
Shares of COST opened at $241.27 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale Co. has a one year low of $154.11 and a one year high of $245.16. The firm has a market capitalization of $107.10 billion, a P/E ratio of 41.46, a PEG ratio of 2.89 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 30th. Costco Wholesale’s payout ratio is currently 39.18%.
A number of analysts have commented on COST shares. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating in a report on Wednesday, July 25th. ValuEngine raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Loop Capital lifted their target price on Costco Wholesale to $230.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. Citigroup lifted their target price on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a report on Friday, June 1st. Finally, Argus lifted their target price on Costco Wholesale from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $223.94.
Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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.