Forbes J M & Co. LLP Purchases 74 Shares of Costco Wholesale Co. (NASDAQ:COST)

Forbes J M & Co. LLP increased its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,383 shares of the retailer’s stock after purchasing an additional 74 shares during the period. Forbes J M & Co. LLP’s holdings in Costco Wholesale were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the period. International Assets Investment Management LLC increased its stake in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Capital World Investors increased its stake in Costco Wholesale by 8.1% during the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after acquiring an additional 285,533 shares during the period. Legal & General Group Plc raised its holdings in Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after acquiring an additional 88,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after acquiring an additional 338,780 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST stock opened at $890.96 on Tuesday. The company has a market capitalization of $394.76 billion, a P/E ratio of 53.77, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $543.64 and a 52-week high of $923.83. The business has a 50-day simple moving average of $892.14 and a two-hundred day simple moving average of $841.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Melius Research started coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target for the company. BMO Capital Markets restated an “outperform” rating and issued a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Roth Mkm raised their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $894.57.

Check Out Our Latest Stock Analysis on Costco Wholesale

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,636 shares of company stock valued at $11,238,510. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

(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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