OMERS ADMINISTRATION Corp Buys 948 Shares of Costco Wholesale Corporation $COST

OMERS ADMINISTRATION Corp increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,677 shares of the retailer’s stock after acquiring an additional 948 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Costco Wholesale were worth $23,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC grew its position in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. Joseph Group Capital Management bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Abich Financial Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $34,000. Finally, Imprint Wealth LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $36,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.3%

NASDAQ COST opened at $979.45 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. 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 $434.37 billion, a PE ratio of 49.27, a P/E/G ratio of 4.76 and a beta of 0.88. The stock’s 50 day moving average is $1,004.63 and its 200 day moving average is $967.91.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The firm had revenue of $70.53 billion for the quarter, compared to the consensus estimate of $70.12 billion. During the same quarter in the prior year, the firm earned $4.28 earnings per share. Research analysts forecast that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $1.47 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 1st. Costco Wholesale’s dividend payout ratio is presently 29.58%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COST. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $1,088.00 to $1,159.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Evercore set a $1,100.00 price objective on Costco Wholesale in a research report on Monday, March 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $1,050.00 price objective on shares of Costco Wholesale in a research report on Thursday, March 5th. HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a research report on Monday, June 1st. Finally, Mizuho set a $1,100.00 price objective on Costco Wholesale in a research report on Monday, June 1st. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,060.41.

View Our Latest Stock Analysis on COST

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Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

Further Reading

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

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