Elo Mutual Pension Insurance Co Has $40.92 Million Stock Holdings in Costco Wholesale Corporation $COST

Elo Mutual Pension Insurance Co boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,331 shares of the retailer’s stock after buying an additional 987 shares during the period. Costco Wholesale makes up approximately 0.8% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 18th biggest position. Elo Mutual Pension Insurance Co’s holdings in Costco Wholesale were worth $40,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake 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 buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares in the last quarter. Carrera Capital Advisors raised its holdings in shares of Costco Wholesale by 20.9% in the 1st quarter. Carrera Capital Advisors now owns 989 shares of the retailer’s stock worth $936,000 after acquiring an additional 171 shares during the last quarter. Brio Consultants LLC bought a new position in Costco Wholesale in the 1st quarter valued at about $740,000. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in Costco Wholesale by 2.0% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 5,153 shares of the retailer’s stock valued at $4,873,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 9,720 shares of company stock worth $9,010,257. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on COST shares. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Truist Financial decreased their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Mizuho dropped their price objective on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Eighteen investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,025.07.

Costco Wholesale Stock Down 1.4%

Shares of NASDAQ:COST opened at $886.12 on Tuesday. Costco Wholesale Corporation has a 1 year low of $871.71 and a 1 year high of $1,078.23. The company has a market capitalization of $392.71 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The business has a fifty day moving average price of $926.47 and a two-hundred day moving average price of $961.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $5.15 EPS. Analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

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.