Groupama Asset Managment Grows Holdings in Costco Wholesale Corporation $COST

Key Points

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Groupama Asset Managment boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,523 shares of the retailer's stock after purchasing an additional 2,168 shares during the quarter. Groupama Asset Managment's holdings in Costco Wholesale were worth $10,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Personal CFO Solutions LLC raised its position in Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after purchasing an additional 167 shares during the last quarter. F&V Capital Management LLC purchased a new stake in Costco Wholesale in the 1st quarter valued at $236,000. Graybill Wealth Management LTD. purchased a new position in Costco Wholesale during the 1st quarter worth $3,095,000. Rossmore Private Capital raised its position in Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock worth $6,325,000 after buying an additional 62 shares during the last quarter. Finally, Curat Global LLC purchased a new position in Costco Wholesale during the 1st quarter worth $241,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Activity

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the sale, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock valued at $9,472,510 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Erste Group Bank downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Truist Financial upped their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, Evercore ISI cut their price objective 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 equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has a consensus 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. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The stock has a market cap of $434.32 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 6.04 and a beta of 0.96. The company's 50-day moving average price is $971.72 and its 200 day moving average price is $986.12. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

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

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

About Costco Wholesale

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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