AG2R LA Mondiale Gestion D Actifs Has $16.33 Million Position in Costco Wholesale Corporation $COST

AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 16,496 shares of the retailer’s stock after purchasing an additional 128 shares during the period. Costco Wholesale makes up approximately 0.8% of AG2R LA Mondiale Gestion D Actifs’ investment portfolio, making the stock its 20th biggest holding. AG2R LA Mondiale Gestion D Actifs’ holdings in Costco Wholesale were worth $16,330,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Corps Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.7% in the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd increased its holdings in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after acquiring an additional 10 shares in the last quarter. Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares in the last quarter. Viewpoint Capital Management LLC raised its stake in Costco Wholesale by 0.4% during the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock worth $2,543,000 after acquiring an additional 11 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Costco Wholesale by 0.4% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COST. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a research note on Friday. BTIG Research initiated coverage on Costco Wholesale in a research note on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price target for the company. Sanford C. Bernstein boosted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,068.15.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,920 shares of company stock valued at $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $932.14 on Friday. The firm has a market cap of $413.11 billion, a PE ratio of 51.19, a PEG ratio of 5.72 and a beta of 0.98. The stock has a 50 day moving average of $945.23 and a 200 day moving average of $971.67. 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 12 month low of $867.34 and a 12 month high of $1,078.23.

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

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is 28.56%.

About Costco Wholesale

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.