Alpha Square Group S LLC Makes New $19.58 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

Alpha Square Group S LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,000 shares of the retailer’s stock, valued at approximately $19,579,000. Costco Wholesale makes up 2.6% of Alpha Square Group S LLC’s portfolio, making the stock its 5th biggest position.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Costco Wholesale during the 4th quarter worth $2,323,746,000. State Street Corp boosted its stake in Costco Wholesale by 10.2% in the 4th quarter. State Street Corp now owns 18,301,225 shares of the retailer’s stock worth $10,389,605,000 after buying an additional 1,697,920 shares during the last quarter. BlackRock Inc. grew its holdings in Costco Wholesale by 3.1% in the 4th quarter. BlackRock Inc. now owns 31,078,322 shares of the retailer’s stock valued at $17,643,166,000 after buying an additional 944,199 shares during the period. Vanguard Group Inc. increased its stake in shares of Costco Wholesale by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 38,028,886 shares of the retailer’s stock valued at $21,898,934,000 after acquiring an additional 467,631 shares during the last quarter. Finally, Winslow Capital Management LLC purchased a new position in shares of Costco Wholesale during the 1st quarter worth about $242,940,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $536.58 on Friday. The company has a market capitalization of $237.68 billion, a P/E ratio of 42.25, a PEG ratio of 4.05 and a beta of 0.70. The company has a 50-day moving average of $527.83 and a 200-day moving average of $520.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a 1-year low of $406.51 and a 1-year high of $612.27.

Costco Wholesale Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, July 28th. Costco Wholesale’s dividend payout ratio is currently 28.35%.

Analyst Ratings Changes

Several equities analysts recently commented on COST shares. Credit Suisse Group dropped their price target on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. The Goldman Sachs Group increased their target price on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Raymond James upped their price target on Costco Wholesale from $560.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $580.00 price objective on shares of Costco Wholesale in a research note on Friday, July 29th. Finally, Telsey Advisory Group dropped their target price on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $575.28.

Insiders Place Their Bets

In other news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $521.68, for a total value of $156,504.00. Following the completion of the transaction, the director now directly owns 5,197 shares of the company’s stock, valued at approximately $2,711,170.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the completion of the transaction, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. Insiders have sold a total of 5,300 shares of company stock valued at $2,609,904 in the last quarter. Insiders own 0.22% of the company’s stock.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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

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