Costco Wholesale Co. (COST) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 92.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,675 shares of the retailer’s stock after acquiring an additional 56,470 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Costco Wholesale were worth $27,640,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Parkside Investments LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $105,000. MUFG Securities EMEA plc purchased a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $103,000. Capital Advisors Ltd. LLC lifted its position in shares of Costco Wholesale by 180.0% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 560 shares of the retailer’s stock valued at $132,000 after acquiring an additional 360 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $119,000. Finally, Legacy Advisors LLC lifted its position in shares of Costco Wholesale by 632.9% in the 3rd quarter. Legacy Advisors LLC now owns 579 shares of the retailer’s stock valued at $136,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.

In other news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $233.14, for a total transaction of $699,420.00. Following the transaction, the director now owns 8,654 shares in the company, valued at approximately $2,017,593.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Roland Michael Vachris sold 6,600 shares of the stock in a transaction on Monday, October 15th. The stock was sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the transaction, the vice president now owns 17,282 shares in the company, valued at approximately $3,903,658.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,149 shares of company stock worth $13,601,314. 0.58% of the stock is currently owned by company insiders.



Several equities research analysts recently commented on COST shares. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating in a research report on Wednesday, July 25th. Citigroup upped their price target on shares of Costco Wholesale from $222.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Cowen restated a “buy” rating and issued a $240.00 price target on shares of Costco Wholesale in a research report on Friday, August 10th. Finally, Loop Capital upped their price target on shares of Costco Wholesale to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $237.94.

Costco Wholesale stock opened at $227.92 on Wednesday. The company has a market capitalization of $95.69 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.50. Costco Wholesale Co. has a twelve month low of $159.72 and a twelve month high of $245.16.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.02. The firm had revenue of $44.41 billion for the quarter, compared to analyst estimates of $44.17 billion. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.08 EPS. Equities research analysts forecast that Costco Wholesale Co. will post 7.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a dividend of $0.57 per share. The ex-dividend date is Thursday, November 8th. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. Costco Wholesale’s dividend payout ratio (DPR) is 33.38%.

About Costco Wholesale

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.

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

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