Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,715,685 shares of the retailer's stock after buying an additional 43,266 shares during the quarter. Costco Wholesale makes up about 0.6% of Invesco Ltd.'s holdings, making the stock its 11th biggest position. Invesco Ltd. owned about 0.84% of Costco Wholesale worth $3,404,571,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of COST. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $35,000. Finally, Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the stock in a transaction dated Monday, March 24th. The shares were 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 owns 6,987 shares in the company, valued at approximately $6,445,926.72. This trade represents a 11.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary Millerchip sold 1,100 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 11,165 shares of the company's stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,600 shares of company stock valued at $5,215,915. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research reports. Loop Capital decreased their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird boosted their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a research note on Friday, March 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Friday. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,029.00.

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Costco Wholesale Stock Down 5.2 %

Shares of COST opened at $916.48 on Monday. Costco Wholesale Co. has a 12 month low of $702.00 and a 12 month 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 has a market capitalization of $406.63 billion, a PE ratio of 53.82, a PEG ratio of 6.15 and a beta of 0.95. The stock's 50-day moving average price is $988.70 and its two-hundred day moving average price is $948.42.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $63.02 billion. On average, analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.09%.

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.

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