Livforsakringsbolaget Skandia Omsesidigt Has $47.60 Million Position in Costco Wholesale Corporation $COST

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 236.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 48,081 shares of the retailer’s stock after acquiring an additional 33,790 shares during the period. Costco Wholesale accounts for 0.1% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 16th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Costco Wholesale were worth $47,597,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Corps Capital Advisors LLC boosted its holdings in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd boosted its holdings in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Rooted Wealth Advisors Inc. boosted its holdings in Costco Wholesale by 2.6% during the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock valued at $404,000 after acquiring an additional 11 shares during the period. Bank & Trust Co boosted its holdings in Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after acquiring an additional 11 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its holdings in Costco Wholesale by 1.3% during the first quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer’s stock valued at $819,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COST shares. JPMorgan Chase & Co. upped their price target on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Morgan Stanley increased their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Loop Capital reduced their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Finally, Evercore ISI reduced their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday, June 17th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $960.10 on Tuesday. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $425.79 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97. The firm has a 50-day moving average price of $959.76 and a 200 day moving average price of $973.69.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. This trade represents a 4.53% 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 Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,147 shares of company stock valued at $5,031,130. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.