Physicians Financial Services Inc. raised its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,117 shares of the retailer’s stock after acquiring an additional 160 shares during the quarter. Costco Wholesale accounts for about 1.1% of Physicians Financial Services Inc.’s holdings, making the stock its 27th biggest position. Physicians Financial Services Inc.’s holdings in Costco Wholesale were worth $2,543,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. United Bank lifted its holdings in shares of Costco Wholesale by 9.2% during the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after purchasing an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Costco Wholesale by 33.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock worth $220,948,000 after purchasing an additional 96,566 shares in the last quarter. Covestor Ltd grew its holdings in shares of Costco Wholesale by 87.1% during the 1st quarter. Covestor Ltd now owns 232 shares of the retailer’s stock worth $134,000 after purchasing an additional 108 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at $333,000. Finally, Next Century Growth Investors LLC boosted its stake in Costco Wholesale by 0.9% in the 1st quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now directly owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on COST
Costco Wholesale Stock Performance
COST stock opened at $558.79 on Wednesday. Costco Wholesale Co. has a 1-year low of $447.90 and a 1-year high of $571.16. The firm has a market cap of $247.60 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 4.05 and a beta of 0.79. The stock has a 50-day moving average price of $549.66 and a 200-day moving average price of $518.26. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.73%. Costco Wholesale’s payout ratio is presently 30.22%.
Costco Wholesale Profile
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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