MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 9,501 Shares of Costco Wholesale Corporation $COST

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Costco Wholesale Corporation by 2.6% during the first quarter, now holding 371,795 shares worth approximately $351.6 million.
• In recent months, several large investors, including Jacobs Levy Equity Management and Infusive Asset Management, have also significantly increased their positions in Costco.
• Costco recently declared a quarterly dividend of $1.30 per share, which translates to an annualized dividend of $5.20 and a yield of 0.5%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,795 shares of the retailer's stock after buying an additional 9,501 shares during the period. Costco Wholesale comprises approximately 0.8% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 16th biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Costco Wholesale worth $351,636,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Infusive Asset Management Inc. raised its stake in Costco Wholesale by 36.8% in the first quarter. Infusive Asset Management Inc. now owns 14,654 shares of the retailer's stock worth $13,859,000 after buying an additional 3,941 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Costco Wholesale by 315.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 167,805 shares of the retailer's stock worth $158,707,000 after purchasing an additional 127,376 shares in the last quarter. KADENSA CAPITAL Ltd acquired a new position in shares of Costco Wholesale during the first quarter worth $4,633,000. Gotham Asset Management LLC increased its position in shares of Costco Wholesale by 7.7% during the first quarter. Gotham Asset Management LLC now owns 11,443 shares of the retailer's stock worth $10,823,000 after purchasing an additional 820 shares in the last quarter. Finally, Greenline Partners LLC increased its position in shares of Costco Wholesale by 0.5% during the first quarter. Greenline Partners LLC now owns 2,937 shares of the retailer's stock worth $2,778,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.6%

Shares of Costco Wholesale stock opened at $955.90 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The firm's 50-day moving average price is $962.66 and its 200 day moving average price is $978.32. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The firm has a market capitalization of $423.92 billion, a PE ratio of 54.22, a P/E/G ratio of 5.32 and a beta of 0.97.

Costco Wholesale Dividend Announcement

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

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction that occurred on 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 owned 58,543 shares of the company's stock, valued at $58,705,164.11. The trade was a 4.87% 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 the business's stock in a transaction on 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 approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,147 shares of company stock worth $8,039,440 in the last ninety days. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COST. Morgan Stanley raised their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Evercore ISI lowered their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,050.00.

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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