Andra AP fonden Increases Holdings in Costco Wholesale Corporation $COST

Andra AP fonden increased its position in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 284.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,622 shares of the retailer’s stock after acquiring an additional 46,342 shares during the period. Costco Wholesale makes up about 0.8% of Andra AP fonden’s investment portfolio, making the stock its 17th biggest position. Andra AP fonden’s holdings in Costco Wholesale were worth $62,398,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Costco Wholesale during the 4th quarter worth $27,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Lifetime Wealth Management P.C. purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Manning & Napier Advisors LLC raised its position in shares of Costco Wholesale by 750.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 34 shares of the retailer’s stock worth $34,000 after purchasing an additional 30 shares during the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $31,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COST shares. Deutsche Bank Aktiengesellschaft increased their target price on Costco Wholesale from $1,104.00 to $1,106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup initiated coverage on Costco Wholesale in a research report on Thursday, June 18th. They issued a “neutral” rating and a $1,020.00 price objective on the stock. Bank of America boosted their target price on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research note on Friday, May 29th. HC Wainwright restated a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Finally, UBS Group raised their price target on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,059.07.

Check Out Our Latest Analysis on Costco Wholesale

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $935.80 on Tuesday. The business’s 50-day moving average price is $974.46 and its 200 day moving average price is $978.81. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The company has a market capitalization of $415.01 billion, a PE ratio of 47.07, a price-to-earnings-growth ratio of 4.56 and a beta of 0.88.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion during the quarter, compared to analysts’ expectations of $70.12 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. On average, research analysts predict that Costco Wholesale Corporation will post 20.39 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th. Costco Wholesale’s dividend payout ratio (DPR) is 29.58%.

More Costco Wholesale News

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

Costco Wholesale 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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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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