International Assets Investment Management LLC Has $6.53 Billion Stock Position in Costco Wholesale Co. (NASDAQ:COST)

International Assets Investment Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 113,947.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,370,916 shares of the retailer’s stock after acquiring an additional 7,364,453 shares during the period. Costco Wholesale makes up about 0.9% of International Assets Investment Management LLC’s holdings, making the stock its 17th largest position. International Assets Investment Management LLC owned 1.66% of Costco Wholesale worth $6,534,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 1st quarter worth $32,000. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Bank & Trust Co bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $48,000. Ruedi Wealth Management Inc. boosted its stake in shares of Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after buying an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $50,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on COST shares. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. DA Davidson restated a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a report on Thursday, October 10th. TD Cowen boosted their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $894.57.

Costco Wholesale Trading Down 0.6 %

Shares of COST stock opened at $893.42 on Friday. The business has a 50-day moving average of $891.03 and a 200 day moving average of $836.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The stock has a market capitalization of $395.85 billion, a PE ratio of 53.92, a P/E/G ratio of 5.50 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,636 shares of company stock worth $11,238,510. Company insiders own 0.18% of the company’s stock.

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.