Costco Wholesale Corporation $COST Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 36.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,000 shares of the retailer’s stock after selling 7,011 shares during the quarter. Costco Wholesale accounts for about 1.0% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 23rd biggest holding. PKO Investment Management Joint Stock Co’s holdings in Costco Wholesale were worth $11,957,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Palisade Asset Management LLC increased its stake in Costco Wholesale by 1.4% during the 4th quarter. Palisade Asset Management LLC now owns 702 shares of the retailer’s stock valued at $605,000 after purchasing an additional 10 shares in the last quarter. Graybill Wealth Management LTD. lifted its stake in shares of Costco Wholesale by 0.3% during the fourth quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer’s stock worth $2,754,000 after buying an additional 10 shares during the period. Lbmc Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 0.5% during the fourth quarter. Lbmc Investment Advisors LLC now owns 2,041 shares of the retailer’s stock worth $1,760,000 after buying an additional 10 shares during the period. Somerset Group LLC grew its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Somerset Group LLC now owns 4,220 shares of the retailer’s stock valued at $3,906,000 after buying an additional 11 shares during the last quarter. Finally, Hughes Financial Services LLC grew its holdings in shares of Costco Wholesale by 4.3% during the third quarter. Hughes Financial Services LLC now owns 268 shares of the retailer’s stock valued at $245,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James Financial upped their target price on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a research note on Monday, June 1st. Roth Mkm boosted their price target on Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. BTIG Research reissued a “buy” rating and issued a $1,125.00 price objective on shares of Costco Wholesale in a report on Friday, May 29th. Finally, Sanford C. Bernstein raised their price objective on Costco Wholesale from $1,192.00 to $1,194.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Twenty-two equities 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, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,061.45.

Get Our Latest Stock Report on COST

Key Stories Impacting Costco Wholesale

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

Costco Wholesale Trading Up 0.7%

Shares of Costco Wholesale stock opened at $957.68 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The firm has a fifty day moving average price of $997.76 and a 200 day moving average price of $969.87. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The stock has a market cap of $424.71 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 4.61 and a beta of 0.88.

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

Costco Wholesale Increases Dividend

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

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.

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

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