Asahi Life Asset Management CO. LTD. Trims Holdings in Costco Wholesale Co. (NASDAQ:COST)

Asahi Life Asset Management CO. LTD. decreased its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 4.2% during the third quarter, HoldingsChannel.com reports. The firm owned 805 shares of the retailer’s stock after selling 35 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Costco Wholesale were worth $380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schubert & Co increased its stake in Costco Wholesale by 73.3% in the second quarter. Schubert & Co now owns 52 shares of the retailer’s stock worth $25,000 after purchasing an additional 22 shares during the period. Cowa LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $26,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Costco Wholesale by 1,050.0% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 69 shares of the retailer’s stock worth $33,000 after buying an additional 63 shares in the last quarter. Newfound Research LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $40,000. Finally, Charter Oak Capital Management LLC bought a new position in shares of Costco Wholesale during the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 66.03% of the company’s stock.

Costco Wholesale Stock Down 1.0 %

Costco Wholesale stock traded down $5.10 during midday trading on Wednesday, reaching $487.01. The company’s stock had a trading volume of 158,468 shares, compared to its average volume of 2,025,942. The stock’s 50-day simple moving average is $486.20 and its 200-day simple moving average is $501.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 0.47. Costco Wholesale Co. has a 52-week low of $406.51 and a 52-week high of $612.27. The stock has a market capitalization of $216.10 billion, a P/E ratio of 37.20, a PEG ratio of 3.61 and a beta of 0.76.

Costco Wholesale (NASDAQ:COSTGet Rating) last released its quarterly earnings results on Thursday, December 8th. The retailer reported $3.10 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.04). Costco Wholesale had a net margin of 2.55% and a return on equity of 28.83%. The business had revenue of $54.44 billion during the quarter, compared to analysts’ expectations of $54.67 billion. On average, sell-side analysts expect that Costco Wholesale Co. will post 14.28 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Friday, February 3rd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 2nd. Costco Wholesale’s payout ratio is 27.21%.

Analyst Ratings Changes

A number of research firms have recently issued reports on COST. Cowen dropped their price target on Costco Wholesale from $650.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday. UBS Group increased their price target on Costco Wholesale from $565.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. Telsey Advisory Group dropped their price target on Costco Wholesale from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, December 9th. BMO Capital Markets dropped their price target on Costco Wholesale from $600.00 to $555.00 in a research report on Friday, December 9th. Finally, DA Davidson raised their price objective on Costco Wholesale from $470.00 to $478.00 in a research report on Friday, January 6th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $553.78.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 952 shares of the firm’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $483.00, for a total value of $459,816.00. Following the completion of the transaction, the director now directly owns 18,920 shares in the company, valued at $9,138,360. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Susan L. Decker sold 952 shares of the firm’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $483.00, for a total value of $459,816.00. Following the completion of the transaction, the director now directly owns 18,920 shares in the company, valued at $9,138,360. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $483.58, for a total value of $483,580.00. Following the completion of the transaction, the executive vice president now owns 11,593 shares of the company’s stock, valued at $5,606,142.94. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTGet Rating).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.