95,065 Shares in Costco Wholesale Corporation $COST Acquired by OP Asset Management Ltd

OP Asset Management Ltd purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 95,065 shares of the retailer’s stock, valued at approximately $94,726,000. Costco Wholesale accounts for approximately 1.0% of OP Asset Management Ltd’s holdings, making the stock its 18th largest holding.

Several other large investors have also modified their holdings of COST. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Costco Wholesale during the 4th quarter worth $27,000. Lifetime Wealth Management P.C. acquired a new position in Costco Wholesale in the fourth quarter valued at $28,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $28,000. Entrust Financial LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $31,000. Finally, Joseph Group Capital Management acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $33,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $942.24 on Friday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The company has a 50-day moving average price of $996.71 and a 200 day moving average price of $970.66. The company has a market cap of $417.86 billion, a P/E ratio of 47.40, a PEG ratio of 4.65 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($0.01). The business had revenue of $70.53 billion for the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the previous year, the firm posted $4.28 EPS. Research analysts predict that Costco Wholesale Corporation will post 20.38 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $1.47 dividend. The ex-dividend date was Friday, May 1st. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

Insider Transactions at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $957.45, for a total transaction of $847,343.25. Following the transaction, the director directly owned 4,779 shares of the company’s stock, valued at $4,575,653.55. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COST shares. HC Wainwright reissued a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,050.00 price objective on shares of Costco Wholesale in a research report on Thursday, March 5th. Truist Financial boosted their target price on Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a report on Friday, May 29th. Raymond James Financial upped their price target on Costco Wholesale from $1,000.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Thursday, June 4th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,061.45.

View Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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