Great West Life Assurance Co. Can lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 644,167 shares of the retailer’s stock after selling 19,827 shares during the period. Costco Wholesale accounts for approximately 0.8% of Great West Life Assurance Co. Can’s investment portfolio, making the stock its 17th biggest holding. Great West Life Assurance Co. Can owned approximately 0.15% of Costco Wholesale worth $348,793,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Aspire Private Capital LLC bought a new position in Costco Wholesale during the 1st quarter worth $20,406,948,000. Mach 1 Financial Group LLC bought a new position in Costco Wholesale during the 1st quarter worth $22,359,000. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale during the 2nd quarter worth $31,000. Impact Partnership Wealth LLC bought a new position in Costco Wholesale during the 2nd quarter worth $37,000. Finally, Horizon Bancorp Inc. IN bought a new position in Costco Wholesale during the 2nd quarter worth $38,000. Institutional investors own 66.31% of the company’s stock.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, CFO Richard A. Galanti sold 2,000 shares of Costco Wholesale stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $566.09, for a total transaction of $1,132,180.00. Following the completion of the transaction, the chief financial officer now owns 25,412 shares in the company, valued at approximately $14,385,479.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, EVP Pierre Riel sold 3,000 shares of Costco Wholesale stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $571.12, for a total transaction of $1,713,360.00. Following the completion of the transaction, the executive vice president now owns 7,422 shares in the company, valued at approximately $4,238,852.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard A. Galanti sold 2,000 shares of Costco Wholesale stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $566.09, for a total value of $1,132,180.00. Following the transaction, the chief financial officer now owns 25,412 shares of the company’s stock, valued at approximately $14,385,479.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,265 shares of company stock worth $10,797,118. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
COST has been the topic of a number of research analyst reports. Roth Mkm raised their target price on Costco Wholesale from $482.00 to $502.00 and gave the company a “neutral” rating in a report on Wednesday, September 27th. Oppenheimer raised their target price on Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a report on Tuesday, July 25th. JPMorgan Chase & Co. reduced their target price on Costco Wholesale from $620.00 to $605.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. HSBC initiated coverage on Costco Wholesale in a report on Friday, September 22nd. They issued a “hold” rating and a $600.00 target price on the stock. Finally, Raymond James raised their target price on Costco Wholesale from $570.00 to $580.00 and gave the company an “outperform” rating in a report on Wednesday, September 27th. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $586.43.
Get Our Latest Stock Analysis on COST
Costco Wholesale Trading Down 0.2 %
Shares of COST stock traded down $1.43 during mid-day trading on Friday, hitting $577.15. The company’s stock had a trading volume of 1,774,272 shares, compared to its average volume of 1,823,492. Costco Wholesale Co. has a 52 week low of $447.90 and a 52 week high of $599.89. The company has a market cap of $255.53 billion, a PE ratio of 40.76, a P/E/G ratio of 4.31 and a beta of 0.78. The company’s fifty day simple moving average is $564.00 and its 200-day simple moving average is $542.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.07.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its earnings results on Tuesday, September 26th. The retailer reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.10% and a net margin of 2.60%. The business had revenue of $78.94 billion during the quarter, compared to analyst estimates of $77.72 billion. During the same period in the previous year, the company posted $4.20 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.71 earnings per share for the current fiscal year.
Costco Wholesale Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, November 2nd. This represents a $4.08 dividend on an annualized basis and a yield of 0.71%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.81%.
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, 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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