Grantham Mayo Van Otterloo & Co. LLC Purchases 20,292 Shares of Costco Wholesale Co. (NASDAQ:COST)

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 256.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,204 shares of the retailer’s stock after acquiring an additional 20,292 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Costco Wholesale were worth $13,518,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Schubert & Co boosted its position in Costco Wholesale by 73.3% during the 2nd quarter. Schubert & Co now owns 52 shares of the retailer’s stock valued at $25,000 after acquiring an additional 22 shares in the last quarter. Lansing Street Advisors bought a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $41,000. Charter Oak Capital Management LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $41,000. Cordant Inc. bought a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $47,000. Finally, Investors Research Corp boosted its position in shares of Costco Wholesale by 1,225.0% in the 2nd quarter. Investors Research Corp now owns 106 shares of the retailer’s stock worth $51,000 after purchasing an additional 98 shares in the last quarter. 66.83% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $534.49 on Thursday. Costco Wholesale Co. has a 1-year low of $406.51 and a 1-year high of $612.27. The business’s fifty day moving average price is $491.23 and its 200-day moving average price is $497.58. The stock has a market capitalization of $236.57 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 3.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.02 and a quick ratio of 0.46.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its earnings results on Thursday, September 22nd. The retailer reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.03. Costco Wholesale had a return on equity of 29.44% and a net margin of 2.58%. The company had revenue of $72.09 billion for the quarter, compared to analysts’ expectations of $72 billion. During the same period last year, the firm earned $3.90 EPS. Costco Wholesale’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Co. will post 14.45 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Friday, October 28th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $3.60 dividend on an annualized basis and a yield of 0.67%. Costco Wholesale’s dividend payout ratio is currently 27.40%.

Analysts Set New Price Targets

A number of analysts have recently commented on COST shares. Raymond James dropped their price target on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Monday, September 26th. Robert W. Baird reissued an “outperform” rating and issued a $575.00 price target on shares of Costco Wholesale in a research report on Friday, September 2nd. Truist Financial dropped their price target on Costco Wholesale from $571.00 to $559.00 and set a “buy” rating on the stock in a research report on Friday, September 23rd. The Goldman Sachs Group boosted their price target on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, Citigroup upped their price objective on Costco Wholesale from $510.00 to $545.00 in a research report on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $565.54.

Insider Buying and Selling

In related news, CFO Richard A. Galanti sold 2,000 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $471.12, for a total value of $942,240.00. Following the transaction, the chief financial officer now directly owns 29,318 shares of the company’s stock, valued at approximately $13,812,296.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, CFO Richard A. Galanti sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $471.12, for a total transaction of $942,240.00. Following the sale, the chief financial officer now directly owns 29,318 shares of the company’s stock, valued at $13,812,296.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $483.58, for a total value of $483,580.00. Following the sale, the executive vice president now directly owns 11,593 shares in the company, valued at $5,606,142.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,500 shares of company stock valued at $3,134,235. 0.22% of the stock is owned by company insiders.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

See Also

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

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