Costco Wholesale Corporation $COST Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 805.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,960 shares of the retailer’s stock after purchasing an additional 4,412 shares during the quarter. WINTON GROUP Ltd’s holdings in Costco Wholesale were worth $4,640,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of COST. Bank of America Corp DE acquired a new position in Costco Wholesale during the 2nd quarter valued at about $6,781,946,000. Diamant Asset Management Inc. grew its position in Costco Wholesale by 99,278.0% in the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock worth $672,690,000 after purchasing an additional 6,720,130 shares during the last quarter. Norges Bank acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $5,195,415,000. Corient Private Wealth LLC increased its stake in shares of Costco Wholesale by 838.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock valued at $5,282,182,000 after purchasing an additional 5,472,968 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Costco Wholesale during the second quarter valued at approximately $2,362,188,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Key Stories Impacting Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

Insiders Place Their Bets

In other Costco Wholesale news, Director Kenneth Denman sold 885 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the sale, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COST. Weiss Ratings downgraded Costco Wholesale from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. Roth Capital raised their target price on Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research report on Friday, May 29th. Citigroup began coverage on Costco Wholesale in a research note on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. UBS Group boosted their price target on Costco Wholesale from $1,205.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Finally, Truist Financial increased their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.03.

Read Our Latest Stock Report on COST

Costco Wholesale Trading Down 1.9%

Shares of NASDAQ:COST opened at $901.35 on Wednesday. The company has a 50 day moving average of $938.54 and a 200-day moving average of $973.21. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market cap of $399.73 billion, a P/E ratio of 45.34, a P/E/G ratio of 3.83 and a beta of 0.86. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $5.88 annualized dividend and a yield of 0.7%. Costco Wholesale’s payout ratio is presently 29.58%.

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates membership-based warehouse clubs that offer a broad selection of merchandise at generally competitive prices. Its product range includes groceries, fresh foods, apparel, appliances, electronics, furniture, jewelry, hardware, and seasonal goods, along with private-label products sold under the Kirkland Signature brand.

The company also provides a variety of ancillary services, including gasoline stations, pharmacies, optical centers, hearing-aid centers, food courts, tire centers, and travel services.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COSTFree Report).

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

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