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

OP Asset Management Ltd bought a new stake in Costco Wholesale Corporation (NASDAQ:COSTFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 95,065 shares of the retailer’s stock, valued at approximately $94,726,000. Costco Wholesale comprises about 1.0% of OP Asset Management Ltd’s investment portfolio, making the stock its 18th largest position.

A number of other large investors also recently added to or reduced their stakes in COST. Lbmc Investment Advisors LLC increased its stake in Costco Wholesale by 0.5% during the 4th quarter. Lbmc Investment Advisors LLC now owns 2,041 shares of the retailer’s stock worth $1,760,000 after buying an additional 10 shares during the period. Graybill Wealth Management LTD. boosted its position in Costco Wholesale by 0.3% in the 4th quarter. Graybill Wealth Management LTD. now owns 3,194 shares of the retailer’s stock valued at $2,754,000 after buying an additional 10 shares during the period. Palisade Asset Management LLC grew its stake in shares of Costco Wholesale by 1.4% in the fourth quarter. Palisade Asset Management LLC now owns 702 shares of the retailer’s stock worth $605,000 after acquiring an additional 10 shares in the last quarter. Graney & King LLC grew its stake in shares of Costco Wholesale by 6.8% in the second quarter. Graney & King LLC now owns 173 shares of the retailer’s stock worth $171,000 after acquiring an additional 11 shares in the last quarter. Finally, Seneschal Advisors LLC increased its position in shares of Costco Wholesale by 0.4% during the second quarter. Seneschal Advisors LLC now owns 3,142 shares of the retailer’s stock worth $3,110,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 2.0%

Costco Wholesale stock opened at $942.24 on Friday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.61. The stock has a market cap of $417.86 billion, a PE ratio of 47.40, a P/E/G ratio of 4.65 and a beta of 0.88. The stock’s fifty day moving average is $996.71 and its two-hundred day moving average is $970.66.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The business had revenue of $70.53 billion for the quarter, compared to analysts’ expectations of $70.12 billion. During the same period last year, the firm earned $4.28 earnings per share. On average, sell-side analysts expect that Costco Wholesale Corporation will post 20.38 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

Key Headlines Impacting Costco Wholesale

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

Analyst Ratings Changes

A number of research analysts recently issued reports on COST shares. TD Cowen reiterated a “buy” rating and issued a $1,175.00 target price on shares of Costco Wholesale in a report on Wednesday, June 3rd. BMO Capital Markets upped their price target on Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Mizuho set a $1,100.00 price target on Costco Wholesale in a research report on Monday, June 1st. Telsey Advisory Group lifted their price objective on Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, BTIG Research restated a “buy” rating and set a $1,125.00 target price on shares of Costco Wholesale in a research note on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,061.45.

Read Our Latest Research Report on Costco Wholesale

Insider Buying and Selling

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

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

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