Oddo BHF Asset Management Sas Has $7.13 Million Holdings in Costco Wholesale Corporation $COST

Oddo BHF Asset Management Sas boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,268 shares of the retailer’s stock after buying an additional 1,463 shares during the period. Oddo BHF Asset Management Sas’ holdings in Costco Wholesale were worth $7,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hurley Capital LLC raised its holdings in shares of Costco Wholesale by 120.0% during the third quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after acquiring an additional 18 shares during the period. Entrust Financial LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $31,000. Joseph Group Capital Management acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Imprint Wealth LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at approximately $36,000. Finally, eCIO Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.7%

NASDAQ COST opened at $986.68 on Wednesday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $437.57 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.88. The firm’s fifty day simple moving average is $1,004.06 and its 200-day simple moving average is $968.46.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings results on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.The company had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same period last year, the company posted $4.28 earnings per share. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, May 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Roth Mkm boosted their price target on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a report on Friday, May 29th. Evercore set a $1,100.00 price objective on Costco Wholesale in a research report on Monday, March 2nd. DA Davidson restated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Thursday, June 4th. Finally, BTIG Research restated a “buy” rating and set a $1,125.00 price objective on shares of Costco Wholesale in a research report on Friday, May 29th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,060.41.

Check Out Our Latest Stock Analysis on COST

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Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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