Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Corebridge Financial Inc.

Corebridge Financial Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,024 shares of the retailer's stock after acquiring an additional 1,054 shares during the period. Costco Wholesale makes up approximately 0.7% of Corebridge Financial Inc.'s holdings, making the stock its 15th biggest holding. Corebridge Financial Inc.'s holdings in Costco Wholesale were worth $126,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COST. Dillon & Associates Inc. increased its stake in Costco Wholesale by 8.7% during the 4th quarter. Dillon & Associates Inc. now owns 8,114 shares of the retailer's stock valued at $7,432,000 after purchasing an additional 647 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $393,000. Vanguard Group Inc. raised its stake in Costco Wholesale by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock worth $38,668,069,000 after acquiring an additional 455,043 shares during the last quarter. Haverford Financial Services Inc. lifted its position in Costco Wholesale by 0.4% during the 4th quarter. Haverford Financial Services Inc. now owns 17,089 shares of the retailer's stock worth $15,658,000 after acquiring an additional 66 shares during the period. Finally, Napatree Capital LLC grew its stake in Costco Wholesale by 40.2% during the 4th quarter. Napatree Capital LLC now owns 363 shares of the retailer's stock valued at $333,000 after purchasing an additional 104 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

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Costco Wholesale Price Performance

COST stock traded up $9.00 during midday trading on Thursday, reaching $938.75. The stock had a trading volume of 1,544,850 shares, compared to its average volume of 1,825,127. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $988.34 and its 200 day simple moving average is $945.95. The company has a market cap of $416.51 billion, a price-to-earnings ratio of 55.12, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's payout ratio is currently 27.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 7th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, UBS Group upped 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. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,029.00.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares in the company, valued at $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock valued at $5,215,915 over the last ninety days. Company insiders own 0.18% of the company's stock.

About Costco Wholesale

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.