2,647 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Mattson Financial Services LLC

Mattson Financial Services LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,647 shares of the retailer’s stock, valued at approximately $2,250,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wulff Hansen & CO. raised its holdings in Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Costco Wholesale during the first quarter valued at about $510,353,000. Assenagon Asset Management S.A. boosted its stake in Costco Wholesale by 287.3% during the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after buying an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Costco Wholesale by 51,747.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after acquiring an additional 618,383 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after acquiring an additional 485,051 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the firm’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 in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold a total of 8,174 shares of company stock worth $7,097,624 over the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $878.53 on Thursday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The firm’s fifty day simple moving average is $872.91 and its two-hundred day simple moving average is $819.85. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $389.48 billion, a P/E ratio of 54.43, a P/E/G ratio of 5.38 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.30% and a net margin of 2.90%. The company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the business posted $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Robert W. Baird boosted their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Bank of America raised their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research report on Tuesday, September 24th. Finally, TD Cowen lifted their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $883.04.

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.