Allworth Financial LP lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,540 shares of the retailer’s stock after purchasing an additional 218 shares during the period. Allworth Financial LP’s holdings in Costco Wholesale were worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 1.4% in the second quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock worth $9,868,305,000 after buying an additional 508,650 shares during the period. FMR LLC boosted its holdings in shares of Costco Wholesale by 5.0% in the first quarter. FMR LLC now owns 10,924,782 shares of the retailer’s stock worth $2,645,326,000 after buying an additional 518,843 shares during the period. Northern Trust Corp boosted its holdings in shares of Costco Wholesale by 1.0% in the second quarter. Northern Trust Corp now owns 6,379,195 shares of the retailer’s stock worth $1,685,767,000 after buying an additional 60,035 shares during the period. Invesco Ltd. boosted its holdings in shares of Costco Wholesale by 4.6% in the second quarter. Invesco Ltd. now owns 4,818,879 shares of the retailer’s stock worth $1,273,437,000 after buying an additional 211,017 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Costco Wholesale by 40,778.5% in the second quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock worth $1,261,307,000 after buying an additional 4,761,300 shares during the period. 71.07% of the stock is currently owned by institutional investors.

Shares of COST stock traded up $5.01 during trading on Wednesday, hitting $296.90. 2,045,500 shares of the company were exchanged, compared to its average volume of 2,006,531. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. The firm has a market capitalization of $128.27 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 3.76 and a beta of 0.94. The business’s 50-day simple moving average is $289.64 and its 200 day simple moving average is $265.39. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, topping the consensus estimate of $2.54 by $0.15. The business had revenue of $47.50 billion during the quarter, compared to analysts’ expectations of $47.71 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $2.36 earnings per share. On average, equities analysts forecast that Costco Wholesale Co. will post 8.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 29th. Costco Wholesale’s dividend payout ratio is currently 31.75%.

Several brokerages have commented on COST. Loop Capital raised their target price on shares of Costco Wholesale to $330.00 and gave the stock a “buy” rating in a report on Friday, September 6th. UBS Group raised their target price on shares of Costco Wholesale from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Monday, September 9th. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Robert W. Baird raised their target price on shares of Costco Wholesale from $290.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Finally, Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $293.13.

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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