United Services Automobile Association Buys 1,317 Shares of Costco Wholesale Co. (NASDAQ:COST)

United Services Automobile Association lifted its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 10.9% during the fourth quarter, Holdings Channel reports. The fund owned 13,349 shares of the retailer’s stock after acquiring an additional 1,317 shares during the quarter. United Services Automobile Association’s holdings in Costco Wholesale were worth $8,811,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $3,628,694,000. Northern Trust Corp increased its position in shares of Costco Wholesale by 4.3% during the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after purchasing an additional 210,586 shares during the period. International Assets Investment Management LLC increased its position in shares of Costco Wholesale by 61,693.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after purchasing an additional 3,100,099 shares during the period. Fisher Asset Management LLC boosted its stake in Costco Wholesale by 3.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock worth $1,844,581,000 after purchasing an additional 85,398 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Costco Wholesale by 0.9% in the third quarter. Wellington Management Group LLP now owns 2,689,514 shares of the retailer’s stock worth $1,519,468,000 after purchasing an additional 24,274 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock traded down $1.71 during mid-day trading on Tuesday, reaching $808.02. 780,125 shares of the company’s stock traded hands, compared to its average volume of 1,958,695. Costco Wholesale Co. has a 12 month low of $501.59 and a 12 month high of $816.87. The firm has a 50 day moving average price of $744.24 and a two-hundred day moving average price of $699.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market capitalization of $358.36 billion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $1.16 dividend. The ex-dividend date was Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.57%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is currently 30.35%.

Analysts Set New Price Targets

COST has been the topic of several research reports. Wells Fargo & Company upped their price target on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Evercore ISI upped their price target on Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group upped their price target on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Oppenheimer upped their price objective on Costco Wholesale from $805.00 to $850.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $706.88.

View Our Latest Stock Analysis on COST

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

About Costco Wholesale

(Free Report)

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.

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

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