MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Holdings in Costco Wholesale Corporation $COST

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 9.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 310,223 shares of the retailer’s stock after selling 32,181 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Costco Wholesale were worth $287,139,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Silver Oak Securities Incorporated boosted its holdings in shares of Costco Wholesale by 49.3% in the third quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock worth $3,499,000 after acquiring an additional 1,248 shares during the period. Permanent Capital Management LP bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $874,000. Wealthspire Advisors LLC raised its stake in shares of Costco Wholesale by 2.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock valued at $15,640,000 after purchasing an additional 312 shares during the period. Vanguard Group Inc. lifted its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after purchasing an additional 711,560 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Costco Wholesale by 43.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 23,444 shares of the retailer’s stock worth $21,700,000 after purchasing an additional 7,116 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Activity

In other Costco Wholesale news, EVP Teresa A. Jones sold 850 shares of Costco Wholesale stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total transaction of $838,321.00. Following the completion of the sale, the executive vice president owned 4,228 shares of the company’s stock, valued at $4,169,907.28. The trade was a 16.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 458 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the completion of the transaction, the director owned 8,532 shares of the company’s stock, valued at $8,148,060. The trade was a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,645 shares of company stock valued at $7,049,302. 0.10% of the stock is owned by insiders.

Costco Wholesale Price Performance

COST stock opened at $1,001.74 on Tuesday. The firm has a 50 day simple moving average of $978.04 and a two-hundred day simple moving average of $937.45. The stock has a market cap of $444.42 billion, a PE ratio of 52.09, a P/E/G ratio of 5.10 and a beta of 1.00. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,067.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.59.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm had revenue of $69.60 billion for the quarter, compared to analysts’ expectations of $68.96 billion. During the same quarter last year, the company posted $4.02 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $1.30 per share. The ex-dividend date was Friday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.04%.

Costco Wholesale News Roundup

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

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. UBS Group set a $1,175.00 price target on shares of Costco Wholesale in a report on Friday, March 6th. Evercore set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,050.00 price objective on shares of Costco Wholesale in a research note on Thursday, March 5th. Finally, Roth Mkm reaffirmed a “sell” rating on shares of Costco Wholesale in a report on Wednesday, February 4th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,039.13.

Check Out Our Latest Research Report on Costco Wholesale

About Costco Wholesale

(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.

See Also

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:COSTFree Report).

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

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