Costco Wholesale Corporation $COST Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,275,056 shares of the retailer’s stock after acquiring an additional 150,844 shares during the period. Costco Wholesale makes up 0.7% of Geode Capital Management LLC’s portfolio, making the stock its 17th biggest position. Geode Capital Management LLC owned about 2.32% of Costco Wholesale worth $10,124,263,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA acquired a new position in Costco Wholesale during the 2nd quarter valued at approximately $31,000. Anderson Financial Strategies LLC grew its stake in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. increased its position in Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC lifted its stake in Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after buying an additional 18 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the sale, the executive vice president directly owned 6,851 shares of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% 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 3,381 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. The Goldman Sachs Group boosted their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. BTIG Research assumed coverage on Costco Wholesale in a report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,063.88.

Costco Wholesale Price Performance

NASDAQ COST opened at $913.86 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 1 year low of $871.71 and a 1 year high of $1,078.23. The company has a market cap of $405.00 billion, a PE ratio of 50.18, a PEG ratio of 5.54 and a beta of 0.98. The stock’s 50-day moving average price is $937.07 and its two-hundred day moving average price is $967.78.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the previous year, the business earned $5.15 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Costco Wholesale Profile

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.