Allspring Global Investments Holdings LLC Has $70.06 Million Stock Position in Costco Wholesale Corporation $COST

Allspring Global Investments Holdings LLC reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,991 shares of the retailer’s stock after selling 1,089 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Costco Wholesale were worth $70,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 worth $1,029,000 after purchasing an additional 130 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Costco Wholesale by 4.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 165 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Costco Wholesale by 1.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock valued at $2,089,000 after buying an additional 23 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in Costco Wholesale by 2.2% in the 2nd quarter. Schnieders Capital Management LLC. now owns 8,502 shares of the retailer’s stock valued at $8,416,000 after buying an additional 182 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Teresa A. Jones sold 850 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $986.26, for a total value of $838,321.00. Following the sale, the executive vice president owned 4,228 shares of the company’s stock, valued at $4,169,907.28. The trade was a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 458 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $955.00, for a total transaction of $437,390.00. Following the completion of the transaction, the director directly owned 8,532 shares of the company’s stock, valued at $8,148,060. This trade represents a 5.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,038 shares of company stock worth $4,790,896 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

COST opened at $996.43 on Wednesday. The stock’s 50 day simple moving average is $988.00 and its 200-day simple moving average is $939.28. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market cap of $442.07 billion, a PE ratio of 51.82, a P/E/G ratio of 4.92 and a beta of 1.01. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,067.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The firm had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. During the same period last year, the business earned $4.02 earnings per share. Costco Wholesale’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, January 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.04%.

Costco Wholesale News Summary

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COST shares. Telsey Advisory Group reiterated an “outperform” rating and set a $1,125.00 price target on shares of Costco Wholesale in a report on Tuesday. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research report on Monday, December 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,155.00 target price on shares of Costco Wholesale in a research note on Monday, February 9th. Oppenheimer increased their price target on shares of Costco Wholesale from $1,050.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,050.00 to $1,060.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,039.13.

Read Our Latest Report on COST

Costco Wholesale 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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