TD Asset Management Inc lessened its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,129,346 shares of the retailer's stock after selling 68,846 shares during the period. Costco Wholesale comprises 1.0% of TD Asset Management Inc's portfolio, making the stock its 21st largest position. TD Asset Management Inc owned 0.25% of Costco Wholesale worth $1,068,113,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Aspect Partners LLC raised its position in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares during the period. Capital A Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $58,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $59,000. Finally, Bank & Trust Co raised its position in shares of Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the period. Institutional investors own 68.48% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on COST. Truist Financial increased their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Morgan Stanley raised their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, July 10th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,037.48.
View Our Latest Stock Report on Costco Wholesale
Costco Wholesale Price Performance
NASDAQ COST traded up $4.59 during trading on Tuesday, reaching $938.58. 808,901 shares of the company traded hands, compared to its average volume of 2,204,504. The company has a market cap of $416.24 billion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 5.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.23. The stock's 50 day moving average price is $990.03 and its two-hundred day moving average price is $984.21.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same period in the previous year, the business earned $3.78 EPS. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.
Costco Wholesale Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's payout ratio is 29.50%.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president 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 company's stock in a transaction on 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 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. Over the last 90 days, insiders have sold 9,547 shares of company stock worth $9,472,510. 0.18% of the stock is currently owned by insiders.
Costco Wholesale Profile
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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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