10,760 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,760 shares of the retailer’s stock, valued at approximately $9,539,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at approximately $29,000. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Summit Securities Group LLC purchased a new position in Costco Wholesale during the second quarter valued at $50,000. Fairway Wealth LLC grew its holdings in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ:COST opened at $981.01 on Friday. The business’s 50-day moving average is $924.72 and its 200 day moving average is $883.45. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1 year low of $630.30 and a 1 year high of $1,007.80. The firm has a market capitalization of $434.66 billion, a P/E ratio of 59.65, a P/E/G ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $4.86 EPS. On average, research analysts predict that Costco Wholesale Co. will post 17.77 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $976.43.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is owned by insiders.

Costco Wholesale Profile

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.