Costco Wholesale Corporation $COST Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its stake in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 11.2% in the fourth quarter, HoldingsChannel reports. The firm owned 12,045 shares of the retailer’s stock after selling 1,522 shares during the period. Temasek Holdings Private Ltd’s holdings in Costco Wholesale were worth $10,387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hurley Capital LLC boosted its position in shares of Costco Wholesale by 120.0% in the 3rd quarter. Hurley Capital LLC now owns 33 shares of the retailer’s stock valued at $31,000 after purchasing an additional 18 shares during the period. Entrust Financial LLC acquired a new stake in Costco Wholesale during the 4th quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $34,000. Joseph Group Capital Management acquired a new stake in Costco Wholesale during the 4th quarter worth about $33,000. Finally, Imprint Wealth LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on COST shares. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded Costco Wholesale from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Raymond James Financial lifted their price target on Costco Wholesale from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Truist Financial lifted their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the company a “hold” rating in a report on Friday, May 29th. Finally, HC Wainwright reiterated a “buy” rating on shares of Costco Wholesale in a report on Monday, June 1st. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,060.41.

Get Our Latest Stock Report on COST

Key Headlines Impacting Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Stock Down 0.3%

Shares of COST stock opened at $979.45 on Tuesday. The stock’s 50 day simple moving average is $1,004.63 and its 200 day simple moving average is $967.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,096.50. The company has a market capitalization of $434.37 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 4.76 and a beta of 0.88.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data 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 net margin of 3.01% and a return on equity of 28.04%. The company had revenue of $70.53 billion during the quarter, compared to the consensus estimate of $70.12 billion. During the same period in the previous year, the business posted $4.28 earnings per share. As a group, research analysts predict that Costco Wholesale Corporation will post 20.38 EPS for the current year.

Costco Wholesale Increases Dividend

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

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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