Mutual of America Capital Management LLC Has $39.14 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Mutual of America Capital Management LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 59,288 shares of the retailer’s stock after selling 2,768 shares during the period. Costco Wholesale comprises approximately 0.5% of Mutual of America Capital Management LLC’s holdings, making the stock its 22nd largest holding. Mutual of America Capital Management LLC’s holdings in Costco Wholesale were worth $39,135,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COST. Moneta Group Investment Advisors LLC grew its holdings in Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after acquiring an additional 7,390,278 shares during the period. Norges Bank bought a new position in Costco Wholesale during the fourth quarter worth about $2,328,844,000. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after buying an additional 3,100,099 shares during the period. Morgan Stanley increased its stake in shares of Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Costco Wholesale by 172.6% in the 2nd quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock valued at $730,877,000 after acquiring an additional 859,599 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $732.35 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The stock has a market cap of $324.80 billion, a price-to-earnings ratio of 47.90, a PEG ratio of 5.00 and a beta of 0.77. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The business has a 50 day moving average of $730.24 and a 200-day moving average of $654.15.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 earnings per share. On average, equities research analysts expect that Costco Wholesale Co. will post 15.81 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.63%. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total transaction of $505,790.00. Following the transaction, the executive vice president now owns 6,721 shares in the company, valued at approximately $4,593,803.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now directly owns 5,910 shares in the company, valued at $4,020,750.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Caton Frates sold 740 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The disclosure for this sale can be found here. Insiders sold a total of 14,182 shares of company stock worth $9,809,558 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on COST. UBS Group lifted their target price on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Loop Capital dropped their target price on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Northcoast Research cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a research report on Wednesday, December 20th. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $691.28.

Read Our Latest Stock Analysis on COST

Costco Wholesale Company Profile

(Free Report)

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.

Further Reading

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

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