Bank OZK Acquires 415 Shares of Costco Wholesale Corporation $COST

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Bank OZK lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,062 shares of the retailer's stock after purchasing an additional 415 shares during the period. Costco Wholesale accounts for about 1.6% of Bank OZK's portfolio, making the stock its 12th biggest position. Bank OZK's holdings in Costco Wholesale were worth $3,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. GAMMA Investing LLC increased its stake in shares of Costco Wholesale by 106,402.1% in the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after acquiring an additional 8,152,528 shares in the last quarter. Nuveen LLC bought a new stake in shares of Costco Wholesale in the 1st quarter valued at $3,461,159,000. Leigh Baldwin & CO. LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $95,452,000. Northern Trust Corp increased its stake in shares of Costco Wholesale by 12.6% in the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after acquiring an additional 587,303 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer's stock valued at $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In related news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the sale, the executive vice president directly owned 58,543 shares in the company, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Loop Capital reduced their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Truist Financial lifted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Evercore ISI reduced their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $1,050.00.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $979.35 on Tuesday. The company's 50-day moving average is $971.72 and its 200 day moving average is $986.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The company has a market capitalization of $434.32 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 6.04 and a beta of 0.96. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.78 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale's payout ratio is currently 29.50%.

Costco Wholesale Company Profile

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.

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