Schwab Charles Investment Management Inc. increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800,072 shares of the retailer’s stock after acquiring an additional 23,227 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.41% of Costco Wholesale worth $376,180,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in COST. Cypress Capital Management LLC WY boosted its holdings in shares of Costco Wholesale by 8.0% in the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock valued at $638,000 after acquiring an additional 225 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Costco Wholesale by 16.8% in the second quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock valued at $331,000 after acquiring an additional 228 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Costco Wholesale by 11.5% in the second quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock valued at $486,000 after acquiring an additional 240 shares in the last quarter. Rational Advisors LLC boosted its holdings in shares of Costco Wholesale by 6.7% in the second quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock valued at $807,000 after acquiring an additional 242 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale by 20.8% in the second quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock valued at $300,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

COST stock opened at $225.68 on Monday. The stock has a market cap of $96.62 billion, a P/E ratio of 38.78, a P/E/G ratio of 2.73 and a beta of 0.95. Costco Wholesale Co. has a 52 week low of $150.06 and a 52 week high of $225.88. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 31st. The retailer reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $31.89 billion. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share. equities analysts predict that Costco Wholesale Co. will post 6.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.01%. Costco Wholesale’s dividend payout ratio is currently 39.18%.

COST has been the topic of several analyst reports. Loop Capital initiated coverage on shares of Costco Wholesale in a report on Wednesday, May 16th. They issued a “buy” rating and a $224.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Costco Wholesale to $213.00 and gave the company an “outperform” rating in a report on Tuesday, May 29th. Argus lifted their target price on shares of Costco Wholesale from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 30th. Telsey Advisory Group lifted their target price on shares of Costco Wholesale from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, June 1st. Finally, Citigroup lifted their target price on shares of Costco Wholesale from $217.00 to $222.00 and gave the company a “buy” rating in a report on Friday, June 1st. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $206.74.

In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of Costco Wholesale stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the completion of the transaction, the vice president now owns 33,834 shares in the company, valued at $7,417,089.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $218.65, for a total transaction of $655,950.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,491 shares of company stock worth $8,754,977. 0.58% of the stock is owned by insiders.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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