Dynamic Technology Lab Private Ltd Invests $1.19 Million in Costco Wholesale Corporation $COST

Dynamic Technology Lab Private Ltd acquired a new position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,290 shares of the retailer’s stock, valued at approximately $1,194,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Costco Wholesale by 1.7% in the second quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after buying an additional 711,560 shares during the period. State Street Corp grew its stake in shares of Costco Wholesale by 0.5% during the 2nd quarter. State Street Corp now owns 18,325,416 shares of the retailer’s stock valued at $18,141,062,000 after acquiring an additional 90,107 shares during the period. Geode Capital Management LLC grew its stake in shares of Costco Wholesale by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 10,275,056 shares of the retailer’s stock valued at $10,124,263,000 after acquiring an additional 150,844 shares during the period. Norges Bank purchased a new stake in Costco Wholesale in the 2nd quarter worth approximately $5,692,035,000. Finally, Invesco Ltd. raised its stake in Costco Wholesale by 9.8% during the 2nd quarter. Invesco Ltd. now owns 4,291,557 shares of the retailer’s stock worth $4,248,384,000 after acquiring an additional 383,887 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 1.6%

Shares of COST opened at $998.10 on Monday. The firm has a market cap of $443.03 billion, a P/E ratio of 51.90, a price-to-earnings-growth ratio of 4.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,067.08. The company has a 50 day simple moving average of $961.64 and a two-hundred day simple moving average of $935.32.

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

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is presently 27.04%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 458 shares of the stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $955.00, for a total transaction of $437,390.00. Following the completion of the transaction, the director owned 8,532 shares of the company’s stock, valued at $8,148,060. This represents a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 approximately $7,550,476.80. The trade was a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,915 shares of company stock worth $6,317,097. Insiders own 0.10% of the company’s stock.

Key Costco Wholesale News

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

Analyst Ratings Changes

Several brokerages have weighed in on COST. Raymond James Financial lifted their price target on shares of Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday. Telsey Advisory Group raised their price objective on shares of Costco Wholesale from $1,100.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday. Hovde Group started coverage on shares of Costco Wholesale in a research note on Tuesday, November 18th. They set a “market perform” rating and a $16.00 target price on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,155.00 target price on shares of Costco Wholesale in a report on Monday, February 9th. Finally, Wells Fargo & Company increased their price target on Costco Wholesale from $900.00 to $950.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,035.35.

View Our Latest Stock Report on Costco Wholesale

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.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COSTFree Report).

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

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