Ameriprise Financial Inc. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,678,175 shares of the retailer’s stock after buying an additional 11,809 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.38% of Costco Wholesale worth $834,362,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Omega Financial Group LLC increased its position in Costco Wholesale by 4.0% during the 4th quarter. Omega Financial Group LLC now owns 525 shares of the retailer’s stock valued at $231,000 after purchasing an additional 20 shares during the period. 626 Financial LLC lifted its holdings in Costco Wholesale by 3.0% in the first quarter. 626 Financial LLC now owns 732 shares of the retailer’s stock valued at $364,000 after buying an additional 21 shares during the period. Integral Investment Advisors Inc. grew its holdings in Costco Wholesale by 1.5% during the 1st quarter. Integral Investment Advisors Inc. now owns 1,440 shares of the retailer’s stock worth $715,000 after acquiring an additional 21 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,994 shares of the retailer’s stock worth $1,488,000 after acquiring an additional 21 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. TrinityPoint Wealth LLC now owns 2,116 shares of the retailer’s stock valued at $1,051,000 after purchasing an additional 21 shares during the period. Institutional investors own 66.31% of the company’s stock.
Insider Activity
In other news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now directly owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $575.00 target price on shares of Costco Wholesale in a report on Thursday, August 31st. Robert W. Baird boosted their target price on shares of Costco Wholesale from $535.00 to $550.00 in a research report on Friday, July 7th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $475.00 to $510.00 in a report on Thursday, August 3rd. Loop Capital upped their price objective on shares of Costco Wholesale from $545.00 to $570.00 in a report on Friday, June 2nd. Finally, Jefferies Financial Group boosted their target price on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $566.63.
Get Our Latest Research Report on Costco Wholesale
Costco Wholesale Stock Up 0.0 %
Costco Wholesale stock opened at $558.79 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08. The stock has a market cap of $247.60 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 4.05 and a beta of 0.79. Costco Wholesale Co. has a fifty-two week low of $447.90 and a fifty-two week high of $571.16. The firm’s 50-day simple moving average is $549.66 and its 200 day simple moving average is $518.26.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $1.02 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.73%. Costco Wholesale’s payout ratio is presently 30.22%.
Costco Wholesale Profile
(Free Report)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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