Retirement Systems of Alabama Acquires 5,744 Shares of Costco Wholesale Corporation $COST

Retirement Systems of Alabama raised its holdings in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 3.0% in the third quarter, Holdings Channel reports. The fund owned 199,130 shares of the retailer’s stock after acquiring an additional 5,744 shares during the period. Retirement Systems of Alabama’s holdings in Costco Wholesale were worth $181,276,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COST. Sarasin & Partners LLP boosted its position in Costco Wholesale by 6.9% during the 2nd quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock worth $200,372,000 after acquiring an additional 13,795 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $16,013,000. Nissay Asset Management Corp Japan raised its holdings in shares of Costco Wholesale by 4.1% in the second quarter. Nissay Asset Management Corp Japan now owns 158,416 shares of the retailer’s stock valued at $148,193,000 after purchasing an additional 6,200 shares during the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of Costco Wholesale by 97.0% in the third quarter. Signal Advisors Wealth LLC now owns 3,531 shares of the retailer’s stock valued at $3,214,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Hyperion Asset Management Ltd lifted its position in shares of Costco Wholesale by 9.0% in the second quarter. Hyperion Asset Management Ltd now owns 68,762 shares of the retailer’s stock worth $64,325,000 after purchasing an additional 5,656 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,200 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total value of $2,015,046.00. Following the completion of the sale, the executive vice president owned 7,134 shares in the company, valued at $6,534,244.62. This trade represents a 23.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William Richard Wilcox sold 1,100 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the completion of the sale, the executive vice president owned 3,094 shares of the company’s stock, valued at approximately $2,964,701.74. This represents a 26.23% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Stock Up 1.2%

NASDAQ:COST opened at $1,066.18 on Tuesday. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The firm has a market capitalization of $472.46 billion, a price-to-earnings ratio of 51.36, a price-to-earnings-growth ratio of 4.47 and a beta of 0.85. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $954.83 and its two-hundred day moving average price is $972.91.

Costco Wholesale (NASDAQ:COST – Get Free Report) last released its quarterly earnings data on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating the consensus estimate of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The company had revenue of $95.72 billion during the quarter, compared to the consensus estimate of $94.97 billion. During the same quarter in the prior year, the firm posted $5.87 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts expect that Costco Wholesale Corporation will post 22.70 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th. Costco Wholesale’s dividend payout ratio is 28.32%.

Analyst Ratings Changes

Several research analysts recently commented on COST shares. Mizuho reduced their target price on shares of Costco Wholesale from $1,100.00 to $1,065.00 and set an “outperform” rating for the company in a report on Friday, September 25th. Roth Capital reaffirmed a “sell” rating and issued a $781.00 target price on shares of Costco Wholesale in a research report on Friday, September 25th. Truist Financial lowered their price target on shares of Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating on the stock in a research note on Friday, September 25th. Robert W. Baird set a $1,175.00 price target on shares of Costco Wholesale in a research report on Friday, September 25th. Finally, Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell 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 price target of $1,090.55.

Get Our Latest Stock Report on COST

Trending Headlines about Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

  • Positive Sentiment: Costco’s digital sales rose 22.5% in October, outpacing store comparable sales. Delivery partnerships, personalization and stronger online engagement are helping the company capture changing shopping habits, which could support sales growth. Costco’s Digital Sales Outpace Store Comps as Shopping Evolves
  • Neutral Sentiment: Costco closed a California warehouse after 37 years and opened a replacement location about a mile away. The new site is 152,000 square feet; this appears to be a relocation rather than a meaningful reduction in the company’s local presence. Costco closes popular California store location after 37 years
  • Neutral Sentiment: An article about Costco’s new Medicare Advantage plan highlights a potential consumer trade-off: a member who later wants Medigap coverage may face health questions or be denied after a 12-month trial right ends. The report focuses on enrollment considerations and does not quantify a financial effect for Costco. Medicare Advantage plan and Medigap considerations

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally low prices. Its products include groceries, fresh foods, appliances, electronics, apparel, furniture, and household goods, as well as its Kirkland Signature private-label line.

The company also provides services such as gasoline stations, pharmacies, optical and hearing-aid centers, food courts, and travel offerings. Costco serves members through warehouses and online channels.

Founded in 1983 in Seattle, Costco has expanded across North America, Europe, Asia, and Australia.

Recommended Stories

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST – Free Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.