Costco Wholesale Co. (COST) Shares Bought by ING Groep NV
ING Groep NV boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 522.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,817 shares of the retailer’s stock after buying an additional 19,991 shares during the quarter. ING Groep NV’s holdings in Costco Wholesale were worth $4,977,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Costco Wholesale by 3.3% in the second quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after buying an additional 858,755 shares during the last quarter. FMR LLC boosted its stake in Costco Wholesale by 13.5% in the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after acquiring an additional 1,256,873 shares during the period. Fisher Asset Management LLC boosted its stake in Costco Wholesale by 4.4% in the second quarter. Fisher Asset Management LLC now owns 2,597,844 shares of the retailer’s stock valued at $542,898,000 after acquiring an additional 109,028 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Costco Wholesale by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after acquiring an additional 23,227 shares during the period. Finally, Bank of Montreal Can boosted its stake in Costco Wholesale by 8.6% in the second quarter. Bank of Montreal Can now owns 1,705,602 shares of the retailer’s stock valued at $356,437,000 after acquiring an additional 134,814 shares during the period. 71.51% of the stock is owned by hedge funds and other institutional investors.
NASDAQ COST opened at $230.83 on Friday. The firm has a market capitalization of $100.98 billion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 2.85 and a beta of 0.95. Costco Wholesale Co. has a 1 year low of $151.46 and a 1 year high of $232.86. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a $0.57 dividend. The ex-dividend date is Thursday, August 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.99%. Costco Wholesale’s dividend payout ratio is currently 39.18%.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total transaction of $655,950.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel M. Hines sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $204.67, for a total transaction of $1,432,690.00. Following the sale, the insider now directly owns 23,853 shares in the company, valued at $4,881,993.51. The disclosure for this sale can be found here. Insiders sold 38,491 shares of company stock worth $8,168,627 in the last ninety days. 0.74% of the stock is owned by corporate insiders.
A number of equities analysts have commented on the company. BidaskClub upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 22nd. Oppenheimer lifted their target price on Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Argus set a $255.00 target price on Costco Wholesale and gave the company a “buy” rating in a research note on Tuesday, August 21st. Loop Capital restated a “hold” rating on shares of Costco Wholesale in a research note on Friday, August 17th. Finally, Cowen restated a “buy” rating and issued a $240.00 target price on shares of Costco Wholesale in a research note on Friday, August 10th. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $209.86.
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.
Read More: Dividend Stocks – Are They Right For You?
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 Co. (NASDAQ:COST).
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.