MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $287.14 Million Holdings in Costco Wholesale Corporation $COST

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,223 shares of the retailer’s stock after selling 32,181 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Costco Wholesale worth $287,139,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COST. Hurley Capital LLC grew its position in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after buying an additional 18 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $34,000. Collier Financial bought a new position in shares of Costco Wholesale during the third quarter worth about $35,000. AXS Investments LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $36,000. Finally, Imprint Wealth LLC acquired a new position in shares of Costco Wholesale in the third quarter worth approximately $36,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale News Roundup

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

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,001.74 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a 50-day moving average of $978.04 and a 200-day moving average of $937.45. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,067.08. The company has a market cap of $444.42 billion, a P/E ratio of 52.09, a P/E/G ratio of 5.10 and a beta of 1.00.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, March 5th. The retailer reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The business had revenue of $69.60 billion for the quarter, compared to analysts’ expectations of $68.96 billion. During the same period in the previous year, the company earned $4.02 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, January 30th. Costco Wholesale’s payout ratio is presently 27.04%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $900.00 to $950.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. BTIG Research restated a “buy” rating and issued a $1,115.00 price target on shares of Costco Wholesale in a research report on Thursday, March 5th. Roth Mkm reaffirmed a “sell” rating on shares of Costco Wholesale in a research note on Wednesday, February 4th. Mizuho increased their price objective on shares of Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Telsey Advisory Group lifted their target price on shares of Costco Wholesale from $1,100.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,039.13.

Read Our Latest Report on COST

Insider Transactions at Costco Wholesale

In other news, EVP Javier Polit sold 2,049 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $867.21, for a total value of $1,776,913.29. Following the completion of the transaction, the executive vice president directly owned 10,748 shares of the company’s stock, valued at $9,320,773.08. This represents a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $916.32, for a total value of $1,374,480.00. Following the sale, the executive vice president directly owned 8,240 shares of the company’s stock, valued at $7,550,476.80. The trade was a 15.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,645 shares of company stock worth $7,049,302. 0.10% of the stock is owned by insiders.

About Costco Wholesale

(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.

See Also

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

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