Doheny Asset Management CA Has $3.59 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Doheny Asset Management CA lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,221 shares of the retailer’s stock after purchasing an additional 180 shares during the quarter. Costco Wholesale makes up about 2.0% of Doheny Asset Management CA’s investment portfolio, making the stock its 13th largest position. Doheny Asset Management CA’s holdings in Costco Wholesale were worth $3,588,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Costco Wholesale by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares in the last quarter. Capital World Investors lifted its position in shares of Costco Wholesale by 8.1% during the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after buying an additional 285,533 shares during the period. Legal & General Group Plc lifted its position in shares of Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after buying an additional 88,550 shares during the period. Fisher Asset Management LLC lifted its position in shares of Costco Wholesale by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock worth $1,842,241,000 after buying an additional 81,853 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after buying an additional 338,780 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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. Over the last quarter, insiders sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Costco Wholesale from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America raised their target price on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. DA Davidson raised their target price on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research report on Friday. Tigress Financial raised their target price on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Roth Mkm lifted their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $881.19.

Costco Wholesale Trading Down 1.8 %

Shares of COST opened at $885.62 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The firm has a market capitalization of $392.62 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The stock’s fifty day simple moving average is $870.67 and its 200-day simple moving average is $816.70.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.86 earnings per share. As a group, research analysts predict that Costco Wholesale Co. will post 16.02 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued 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 yield of 0.52%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Costco Wholesale 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.