Dai ichi Life Insurance Company Ltd Purchases 3,213 Shares of Costco Wholesale Co. (NASDAQ:COST)

Dai ichi Life Insurance Company Ltd increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,949 shares of the retailer’s stock after purchasing an additional 3,213 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Costco Wholesale were worth $26,306,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Gilbert & Cook Inc. raised its position in Costco Wholesale by 57.3% in the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after purchasing an additional 228 shares in the last quarter. Aveo Capital Partners LLC lifted its position in shares of Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after buying an additional 135 shares during the period. Gryphon Financial Partners LLC grew its position in Costco Wholesale by 62.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares during the period. Atlantic Edge Private Wealth Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $89,000. Finally, Private Wealth Management Group LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at $94,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

Shares of Costco Wholesale stock opened at $916.00 on Friday. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The business has a fifty day simple moving average of $861.57 and a 200 day simple moving average of $805.62. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock has a market cap of $406.09 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. Argus upped their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. TD Cowen upped their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research note on Tuesday. Robert W. Baird boosted their target price on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, Morgan Stanley raised their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $844.52.

Costco Wholesale Company Profile

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.