Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

by · The Markets Daily

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,075,065 shares of the retailer’s stock after buying an additional 70,561 shares during the period. Costco Wholesale accounts for 0.7% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 18th biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.69% of Costco Wholesale worth $2,726,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. LRI Investments LLC purchased a new position in shares of Costco Wholesale in the 1st quarter valued at about $217,000. Koesten Hirschmann & Crabtree INC. grew its holdings in Costco Wholesale by 23.0% in the first quarter. Koesten Hirschmann & Crabtree INC. now owns 299 shares of the retailer’s stock valued at $219,000 after purchasing an additional 56 shares during the period. Orleans Capital Management Corp LA increased its position in shares of Costco Wholesale by 1.4% in the first quarter. Orleans Capital Management Corp LA now owns 6,276 shares of the retailer’s stock valued at $4,598,000 after buying an additional 85 shares in the last quarter. Beck Bode LLC raised its stake in shares of Costco Wholesale by 10.7% during the 1st quarter. Beck Bode LLC now owns 15,697 shares of the retailer’s stock worth $11,500,000 after buying an additional 1,519 shares during the period. Finally, Dock Street Asset Management Inc. lifted its position in shares of Costco Wholesale by 11.6% during the 1st quarter. Dock Street Asset Management Inc. now owns 346 shares of the retailer’s stock valued at $253,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. DA Davidson restated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. TD Cowen lifted their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Morgan Stanley increased their target price on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $908.81.

Check Out Our Latest Stock Analysis on COST

Costco Wholesale Stock Performance

NASDAQ COST opened at $961.55 on Thursday. The stock has a fifty day simple moving average of $905.10 and a 200-day simple moving average of $869.42. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $426.03 billion, a PE ratio of 58.03, a P/E/G ratio of 5.93 and a beta of 0.80. Costco Wholesale Co. has a twelve month low of $582.83 and a twelve month high of $976.30.

Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the firm posted $4.86 earnings per share. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Costco Wholesale Company Profile

(Free Report)

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.

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