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LaSalle St. Investment Advisors LLC Buys 398 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Costco Wholesale logo with Retail/Wholesale background

Key Points

  • LaSalle St. Investment Advisors LLC increased its investment in Costco Wholesale by 20.6%, owning 2,331 shares valued at approximately $2.21 million as of the latest SEC filing.
  • Institutional investors hold about 68.48% of Costco's stock, with significant increases in positions from firms like GAMMA Investing LLC, which raised its stake by over 106,402%.
  • Costco reported earnings of $4.28 per share for the last quarter, surpassing analysts' expectations, and the company declared a quarterly dividend of $1.30 per share.
  • Want stock alerts on Costco Wholesale? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

LaSalle St. Investment Advisors LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,331 shares of the retailer's stock after acquiring an additional 398 shares during the quarter. LaSalle St. Investment Advisors LLC's holdings in Costco Wholesale were worth $2,205,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COST. GAMMA Investing LLC raised its position in shares of Costco Wholesale by 106,402.1% in the first quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after purchasing an additional 8,152,528 shares during the period. Leigh Baldwin & CO. LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $95,452,000. Northern Trust Corp raised its stake in Costco Wholesale by 12.6% in the fourth quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer's stock valued at $4,817,573,000 after purchasing an additional 587,303 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer's stock worth $40,332,515,000 after acquiring an additional 443,101 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Costco Wholesale by 79.5% in the 4th quarter. Capital Research Global Investors now owns 775,541 shares of the retailer's stock valued at $710,624,000 after purchasing an additional 343,390 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares in the company, valued at $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock worth $9,472,510 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Mizuho initiated coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective for the company. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Finally, Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and an average target price of $1,040.81.

Read Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Stock Performance

COST stock traded up $3.53 during mid-day trading on Friday, hitting $980.98. The company had a trading volume of 2,188,224 shares, compared to its average volume of 2,172,175. 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 firm has a market cap of $435.05 billion, a PE ratio of 55.64, a price-to-earnings-growth ratio of 6.08 and a beta of 0.96. Costco Wholesale Corporation has a 12 month low of $837.63 and a 12 month high of $1,078.23. The stock's fifty day moving average price is $977.93 and its two-hundred day moving average price is $984.85.

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 (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 during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter last year, the business posted $3.78 EPS. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is currently 29.50%.

About Costco Wholesale

(Free Report)

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

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