ABN Amro Investment Solutions Purchases Shares of 8,120 Costco Wholesale Corporation $COST

ABN Amro Investment Solutions purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,120 shares of the retailer’s stock, valued at approximately $8,038,000.

Other large investors have also recently bought and sold shares of the company. Corps Capital Advisors LLC increased its position in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd increased its holdings in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after purchasing an additional 10 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in Costco Wholesale by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock worth $2,327,000 after acquiring an additional 11 shares during the last quarter. Redwood Park Advisors LLC raised its position in Costco Wholesale by 6.8% during the 1st quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock worth $163,000 after purchasing an additional 11 shares during the last quarter. Finally, Luminist Capital LLC increased its position in Costco Wholesale by 9.4% during the 1st quarter. Luminist Capital LLC now owns 128 shares of the retailer’s stock valued at $122,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.0%

NASDAQ COST opened at $914.00 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock has a 50 day simple moving average of $936.35 and a two-hundred day simple moving average of $967.41. The stock has a market cap of $405.07 billion, a P/E ratio of 50.19, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period in the prior year, the business earned $5.15 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tiffany Marie Barbre sold 1,239 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 10,320 shares of company stock worth $9,605,487. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on COST. Mizuho dropped their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Citigroup dropped their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Oppenheimer cut their price objective on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,063.88.

Costco Wholesale Profile

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.