8,188 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,188 shares of the retailer’s stock, valued at approximately $6,960,000.

Other institutional investors have also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its stake in Costco Wholesale by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 22,453 shares of the retailer’s stock worth $19,085,000 after buying an additional 1,527 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Costco Wholesale by 17.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 47,013 shares of the retailer’s stock valued at $39,961,000 after purchasing an additional 7,131 shares in the last quarter. Steel Grove Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 9.3% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 1,022 shares of the retailer’s stock valued at $869,000 after purchasing an additional 87 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its stake in Costco Wholesale by 16.6% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 73,930 shares of the retailer’s stock worth $62,840,000 after purchasing an additional 10,550 shares during the last quarter. Finally, Certified Advisory Corp boosted its position in Costco Wholesale by 8.8% during the second quarter. Certified Advisory Corp now owns 6,832 shares of the retailer’s stock valued at $5,807,000 after buying an additional 555 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $906.98 on Monday. The stock has a market cap of $402.10 billion, a PE ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $864.85 and its two-hundred day simple moving average is $811.52. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is 28.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on COST shares. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research report on Thursday, August 8th. Tigress Financial increased their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Truist Financial increased their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, Wells Fargo & Company boosted their price target on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $853.92.

Costco Wholesale 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.