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.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.02. The company had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $31.89 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. analysts anticipate that Costco Wholesale Co. will post 6.77 EPS for the current year.

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.

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

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