Gulf International Bank UK Ltd Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Gulf International Bank UK Ltd boosted its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,973 shares of the retailer’s stock after buying an additional 85 shares during the quarter. Costco Wholesale makes up about 0.6% of Gulf International Bank UK Ltd’s holdings, making the stock its 25th largest position. Gulf International Bank UK Ltd’s holdings in Costco Wholesale were worth $41,445,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of COST. Fortune 45 LLC increased its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock worth $401,000 after buying an additional 55 shares during the period. Poplar Forest Capital LLC grew its holdings in shares of Costco Wholesale by 5.2% during the 4th quarter. Poplar Forest Capital LLC now owns 526 shares of the retailer’s stock worth $299,000 after acquiring an additional 26 shares during the period. CHICAGO TRUST Co NA grew its holdings in shares of Costco Wholesale by 3.6% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock worth $3,502,000 after acquiring an additional 209 shares during the period. Clarity Financial LLC boosted its position in shares of Costco Wholesale by 2.1% in the 1st quarter. Clarity Financial LLC now owns 20,241 shares of the retailer’s stock worth $11,656,000 after purchasing an additional 419 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $603,000. 67.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Jefferies Financial Group restated a “buy” rating and issued a $580.00 price objective (up from $560.00) on shares of Costco Wholesale in a research note on Thursday, June 2nd. Credit Suisse Group cut their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft upgraded Costco Wholesale from a “hold” rating to a “buy” rating and increased their price target for the stock from $525.00 to $579.00 in a research note on Thursday, July 14th. Finally, Truist Financial increased their price objective on shares of Costco Wholesale from $503.00 to $543.00 and gave the company a “buy” rating in a report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.72.

Insider Transactions at Costco Wholesale

In related news, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the transaction, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Agnes Wilderotter acquired 850 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average cost of $470.74 per share, with a total value of $400,129.00. Following the purchase, the director now directly owns 11,295 shares in the company, valued at approximately $5,317,008.30. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 5,300 shares of company stock worth $2,609,904. Insiders own 0.22% of the company’s stock.

Costco Wholesale Trading Up 1.5 %

Shares of NASDAQ COST traded up $8.01 during midday trading on Thursday, reaching $530.32. 34,365 shares of the stock were exchanged, compared to its average volume of 2,291,506. The company has a market capitalization of $234.91 billion, a P/E ratio of 41.13, a P/E/G ratio of 4.27 and a beta of 0.66. Costco Wholesale Co. has a 52-week low of $406.51 and a 52-week high of $612.27. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $478.59 and a 200-day moving average price of $513.59.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The retailer reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.17. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The company had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. During the same quarter last year, the firm posted $2.75 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 13.05 earnings per share for the current fiscal year.

Costco Wholesale Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, July 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio is currently 28.35%.

Costco Wholesale Profile

(Get Rating)

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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