Achmea Investment Management B.V. Has $63.02 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Achmea Investment Management B.V. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,774 shares of the retailer's stock after selling 1,015 shares during the quarter. Costco Wholesale accounts for about 1.0% of Achmea Investment Management B.V.'s holdings, making the stock its 11th largest position. Achmea Investment Management B.V.'s holdings in Costco Wholesale were worth $63,015,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Rakuten Securities Inc. increased its stake in Costco Wholesale by 21.6% in the 4th quarter. Rakuten Securities Inc. now owns 360 shares of the retailer's stock valued at $330,000 after buying an additional 64 shares during the period. Avantax Advisory Services Inc. increased its stake in Costco Wholesale by 8.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 42,351 shares of the retailer's stock valued at $38,804,000 after buying an additional 3,458 shares during the period. Essential Planning LLC. acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $589,000. Jupiter Asset Management Ltd. increased its stake in Costco Wholesale by 4.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 27,237 shares of the retailer's stock valued at $24,956,000 after buying an additional 1,148 shares during the period. Finally, Liberty Wealth Management LLC grew its position in Costco Wholesale by 20.5% in the fourth quarter. Liberty Wealth Management LLC now owns 881 shares of the retailer's stock worth $807,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

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Insider Activity at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares of the company's stock, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, December 13th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Oppenheimer restated an "outperform" rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $1,030.43.

Costco Wholesale Price Performance

Shares of NASDAQ:COST traded down $36.46 during midday trading on Thursday, reaching $890.62. 3,438,222 shares of the company's stock were exchanged, compared to its average volume of 1,814,254. The company's 50 day simple moving average is $990.05 and its two-hundred day simple moving average is $944.14. The firm has a market capitalization of $395.35 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is currently 27.09%.

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.