48,377 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,377 shares of the retailer’s stock, valued at approximately $42,896,000.

Other institutional investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale during the first quarter valued at approximately $32,000. Vima LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $34,000. Financial Connections Group Inc. boosted its stake in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Finally, Bank & Trust Co purchased a new stake in Costco Wholesale in the second quarter worth $48,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’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 transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,174 shares of company stock valued at $7,097,624. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.1 %

Shares of COST opened at $878.53 on Thursday. The company has a 50-day simple moving average of $872.91 and a 200-day simple moving average of $819.85. 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. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the prior year, the firm earned $4.86 earnings per share. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Bank of America raised their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley raised their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Barclays raised their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Truist Financial cut 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, Stifel Nicolaus boosted their price target on Costco Wholesale from $915.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.