Mitsubishi UFJ Trust & Banking Corp Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 497,574 shares of the retailer’s stock after acquiring an additional 13,960 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.11% of Costco Wholesale worth $150,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp increased its position in shares of Costco Wholesale by 1.8% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 1,786 shares of the retailer’s stock worth $542,000 after purchasing an additional 32 shares during the last quarter. Pioneer Trust Bank N A OR increased its position in shares of Costco Wholesale by 2.6% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,274 shares of the retailer’s stock worth $386,000 after purchasing an additional 32 shares during the last quarter. Tranquility Partners LLC increased its position in shares of Costco Wholesale by 0.6% during the 2nd quarter. Tranquility Partners LLC now owns 5,423 shares of the retailer’s stock worth $1,644,000 after purchasing an additional 32 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of Costco Wholesale by 3.1% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 1,052 shares of the retailer’s stock worth $319,000 after purchasing an additional 32 shares during the last quarter. Finally, Marietta Wealth Management LLC increased its position in shares of Costco Wholesale by 0.3% during the 2nd quarter. Marietta Wealth Management LLC now owns 11,962 shares of the retailer’s stock worth $3,627,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 68.20% of the company’s stock.

A number of analysts recently issued reports on COST shares. Atlantic Securities started coverage on Costco Wholesale in a research report on Monday, July 13th. They set an “overweight” rating and a $375.00 price objective for the company. Royal Bank of Canada raised their price objective on Costco Wholesale from $381.00 to $400.00 in a research report on Thursday, September 3rd. Oppenheimer lifted their target price on Costco Wholesale from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Credit Suisse Group initiated coverage on Costco Wholesale in a research report on Wednesday, August 5th. They issued a “buy” rating and a $328.00 target price for the company. Finally, BidaskClub raised Costco Wholesale from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Costco Wholesale currently has a consensus rating of “Buy” and an average target price of $350.42.

In related news, CFO Richard A. Galanti sold 2,730 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $325.07, for a total transaction of $887,441.10. Following the completion of the sale, the chief financial officer now owns 25,415 shares in the company, valued at $8,261,654.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Richard A. Galanti sold 1,754 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $605,130.00. Following the sale, the chief financial officer now owns 18,983 shares of the company’s stock, valued at approximately $6,549,135. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,889 shares of company stock valued at $7,119,719. 0.22% of the stock is owned by company insiders.

Shares of Costco Wholesale stock traded down $0.18 on Wednesday, reaching $343.73. 1,652,212 shares of the company were exchanged, compared to its average volume of 2,901,685. The stock’s 50 day moving average price is $340.13 and its 200-day moving average price is $313.89. The company has a market cap of $151.77 billion, a P/E ratio of 41.39, a price-to-earnings-growth ratio of 4.33 and a beta of 0.69. Costco Wholesale Co. has a 1-year low of $271.28 and a 1-year high of $363.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.11 and a quick ratio of 0.63.

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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