Saturna Capital CORP Has $1.58 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Saturna Capital CORP reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 25.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,993 shares of the retailer’s stock after selling 1,374 shares during the quarter. Saturna Capital CORP’s holdings in Costco Wholesale were worth $1,580,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of COST. BlackRock Inc. grew its position in Costco Wholesale by 3.6% during the first quarter. BlackRock Inc. now owns 29,726,284 shares of the retailer’s stock worth $10,477,920,000 after buying an additional 1,042,052 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Costco Wholesale by 149.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,077,210 shares of the retailer’s stock worth $379,695,000 after buying an additional 645,468 shares in the last quarter. Bank of New York Mellon Corp grew its position in Costco Wholesale by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 5,113,982 shares of the retailer’s stock worth $2,023,449,000 after buying an additional 593,908 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Costco Wholesale by 436.1% during the first quarter. CIBC Private Wealth Group LLC now owns 691,900 shares of the retailer’s stock worth $243,880,000 after buying an additional 562,834 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Costco Wholesale by 9.8% during the first quarter. Jennison Associates LLC now owns 3,703,360 shares of the retailer’s stock worth $1,305,360,000 after buying an additional 329,423 shares in the last quarter. 66.96% of the stock is currently owned by institutional investors.

In other Costco Wholesale news, VP Roland Michael Vachris sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 12th. The shares were sold at an average price of $409.40, for a total transaction of $1,637,600.00. Following the completion of the sale, the vice president now owns 11,602 shares of the company’s stock, valued at approximately $4,749,858.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph P. Portera sold 3,287 shares of Costco Wholesale stock in a transaction on Friday, August 13th. The stock was sold at an average price of $445.50, for a total transaction of $1,464,358.50. The disclosure for this sale can be found here. Insiders sold a total of 11,287 shares of company stock valued at $4,686,519 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

COST has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Costco Wholesale from $364.00 to $399.00 and gave the stock a “hold” rating in a research note on Thursday, September 2nd. Oppenheimer restated a “buy” rating and set a $500.00 price target on shares of Costco Wholesale in a research note on Friday. Loop Capital raised their price target on shares of Costco Wholesale from $455.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, August 5th. Morgan Stanley raised their price target on shares of Costco Wholesale from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. Finally, Telsey Advisory Group raised their price target on shares of Costco Wholesale from $465.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, September 2nd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $441.32.

COST stock traded up $2.78 during trading on Tuesday, hitting $453.92. The company had a trading volume of 48,691 shares, compared to its average volume of 2,267,391. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $442.77 and a 200-day moving average price of $396.18. Costco Wholesale Co. has a 12 month low of $307.00 and a 12 month high of $469.77. The stock has a market cap of $200.66 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 4.35 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Friday, July 30th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, July 29th. Costco Wholesale’s dividend payout ratio (DPR) is presently 35.71%.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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