UniSuper Management Pty Ltd Acquires 5,484 Shares of Costco Wholesale Corporation $COST

UniSuper Management Pty Ltd lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 22.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,447 shares of the retailer’s stock after acquiring an additional 5,484 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Costco Wholesale were worth $28,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COST. Brighton Jones LLC increased its holdings in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the period. Drucker Wealth 3.0 LLC increased its stake in shares of Costco Wholesale by 45.0% during the 2nd quarter. Drucker Wealth 3.0 LLC now owns 657 shares of the retailer’s stock worth $645,000 after purchasing an additional 204 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Costco Wholesale by 4.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock worth $3,814,000 after purchasing an additional 165 shares during the last quarter. Finally, McAdam LLC raised its holdings in shares of Costco Wholesale by 39.3% in the 2nd quarter. McAdam LLC now owns 1,135 shares of the retailer’s stock worth $1,123,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.7%

Shares of NASDAQ COST opened at $983.25 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The company has a market cap of $436.44 billion, a P/E ratio of 52.66, a P/E/G ratio of 5.85 and a beta of 1.02. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,078.23. The business has a 50-day simple moving average of $900.28 and a two-hundred day simple moving average of $930.20.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The firm had revenue of $67.31 billion for the quarter, compared to analysts’ expectations of $67.03 billion. During the same period in the prior year, the business posted $4.04 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $1.30 dividend. The ex-dividend date is Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s dividend payout ratio is currently 27.85%.

Key Headlines Impacting Costco Wholesale

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COST. JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $1,025.00 to $1,027.00 and gave the company an “overweight” rating in a report on Friday, December 12th. HSBC dropped their price target on Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating on the stock in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Costco Wholesale in a report on Monday, December 29th. Robert W. Baird lowered their price objective on Costco Wholesale from $1,125.00 to $1,000.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Finally, Mizuho set a $1,000.00 target price on shares of Costco Wholesale and gave the stock an “outperform” rating in a research report on Monday, January 5th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $996.00.

Get Our Latest Analysis on Costco Wholesale

Insider Transactions at Costco Wholesale

In other news, EVP James C. Klauer sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the completion of the transaction, the executive vice president directly owned 44,837 shares in the company, valued at $42,101,943. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Javier Polit sold 2,049 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $867.21, for a total value of $1,776,913.29. Following the completion of the sale, the executive vice president owned 10,748 shares in the company, valued at $9,320,773.08. This trade represents a 16.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,315 shares of company stock worth $8,549,409. 0.10% of the stock is owned by corporate insiders.

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.

See Also

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

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