AG2R LA Mondiale Gestion D Actifs Has $16.33 Million Holdings in Costco Wholesale Corporation $COST

AG2R LA Mondiale Gestion D Actifs raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,496 shares of the retailer’s stock after buying an additional 128 shares during the quarter. Costco Wholesale comprises about 0.8% of AG2R LA Mondiale Gestion D Actifs’ portfolio, making the stock its 20th largest position. AG2R LA Mondiale Gestion D Actifs’ holdings in Costco Wholesale were worth $16,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale during the 2nd quarter worth $25,000. Anderson Financial Strategies LLC raised its stake in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares in the last quarter. Financial Connections Group Inc. lifted its holdings in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after purchasing an additional 18 shares in the last quarter. Finally, eCIO Inc. acquired a new stake in shares of Costco Wholesale in the 1st quarter valued at approximately $48,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider directly owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,920 shares of company stock valued at $7,373,175. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $932.14 on Friday. The stock’s 50 day moving average is $945.23 and its 200 day moving average is $971.67. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The firm has a market cap of $413.11 billion, a P/E ratio of 51.19, a P/E/G ratio of 5.72 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $5.15 EPS. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analyst Ratings Changes

A number of research firms recently issued reports on COST. BTIG Research initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price objective for the company. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Oppenheimer restated an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Citigroup dropped their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,068.15.

About Costco Wholesale

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.