Lbp Am Sa Has $18.12 Million Holdings in Costco Wholesale Corporation $COST

Lbp Am Sa raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.3% during the second quarter, HoldingsChannel.com reports. The firm owned 18,302 shares of the retailer’s stock after acquiring an additional 2,292 shares during the quarter. Lbp Am Sa’s holdings in Costco Wholesale were worth $18,118,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Victrix Investment Advisors lifted its position in Costco Wholesale by 4.5% during the 2nd quarter. Victrix Investment Advisors now owns 716 shares of the retailer’s stock valued at $709,000 after purchasing an additional 31 shares during the period. Requisite Capital Management LLC lifted its position in Costco Wholesale by 14.0% during the 2nd quarter. Requisite Capital Management LLC now owns 261 shares of the retailer’s stock valued at $258,000 after purchasing an additional 32 shares during the period. Generali Investments CEE investicni spolecnost a.s. lifted its position in Costco Wholesale by 9.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 4,616 shares of the retailer’s stock valued at $4,570,000 after purchasing an additional 400 shares during the period. Liberty Capital Management Inc. lifted its position in Costco Wholesale by 0.8% during the 2nd quarter. Liberty Capital Management Inc. now owns 16,138 shares of the retailer’s stock valued at $15,976,000 after purchasing an additional 134 shares during the period. Finally, Broadway Wealth Solutions Inc. lifted its position in Costco Wholesale by 22.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,970 shares of the retailer’s stock valued at $1,950,000 after purchasing an additional 366 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST opened at $925.63 on Wednesday. The business has a 50 day simple moving average of $954.76 and a 200 day simple moving average of $971.40. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock has a market cap of $410.50 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 5.59 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the prior year, the business earned $5.15 EPS. Costco Wholesale’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday, September 24th. Wolfe Research started coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Citigroup lowered their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research note on Monday. Daiwa Capital Markets lowered their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Sanford C. Bernstein upped their price target on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday. Eighteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,067.19.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.