Costco Wholesale Co. (COST) Stake Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,088 shares of the retailer’s stock after selling 8,904 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Costco Wholesale were worth $14,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Bigelow Investment Advisors LLC grew its stake in shares of Costco Wholesale by 3.3% during the fourth quarter. Bigelow Investment Advisors LLC now owns 1,575 shares of the retailer’s stock valued at $321,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Costco Wholesale by 2.1% during the third quarter. Cornerstone Advisors Inc. now owns 2,557 shares of the retailer’s stock valued at $601,000 after purchasing an additional 53 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Costco Wholesale by 0.4% during the fourth quarter. Cigna Investments Inc. New now owns 12,916 shares of the retailer’s stock valued at $2,630,000 after purchasing an additional 55 shares during the last quarter. Truewealth LLC grew its stake in shares of Costco Wholesale by 2.6% during the fourth quarter. Truewealth LLC now owns 2,216 shares of the retailer’s stock valued at $451,000 after purchasing an additional 56 shares during the last quarter. Finally, Doyle Wealth Management grew its stake in shares of Costco Wholesale by 6.2% during the fourth quarter. Doyle Wealth Management now owns 1,009 shares of the retailer’s stock valued at $206,000 after purchasing an additional 59 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Several research firms have recently commented on COST. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $243.00 price target on the stock in a research note on Monday, March 11th. BidaskClub raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Deutsche Bank set a $225.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Friday, March 8th. Bank of America set a $255.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, March 8th. Finally, Morgan Stanley set a $220.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Friday, March 8th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Costco Wholesale currently has an average rating of “Buy” and an average target price of $242.56.

In other news, VP Richard A. Galanti sold 4,188 shares of Costco Wholesale stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total transaction of $965,208.36. Following the transaction, the vice president now directly owns 30,082 shares of the company’s stock, valued at $6,932,998.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 739 shares of Costco Wholesale stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total transaction of $151,495.00. Following the transaction, the director now directly owns 52,249 shares in the company, valued at $10,711,045. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,587 shares of company stock worth $1,924,179. Insiders own 0.21% of the company’s stock.

Shares of COST stock opened at $233.60 on Friday. Costco Wholesale Co. has a 52-week low of $180.83 and a 52-week high of $245.16. The company has a market capitalization of $102.90 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.34. The firm had revenue of $35.40 billion for the quarter. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. During the same period in the previous year, the business posted $1.59 earnings per share. As a group, equities analysts anticipate that Costco Wholesale Co. will post 7.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.98%. Costco Wholesale’s dividend payout ratio is 33.38%.

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Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Featured Story: Net Margin

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

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