Mutual of America Capital Management LLC Has $51.79 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Mutual of America Capital Management LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,416 shares of the retailer’s stock after selling 4,122 shares during the period. Costco Wholesale accounts for approximately 0.5% of Mutual of America Capital Management LLC’s holdings, making the stock its 20th biggest position. Mutual of America Capital Management LLC’s holdings in Costco Wholesale were worth $51,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC lifted its stake in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the period. Cantor Fitzgerald Investment Advisors L.P. grew its position in Costco Wholesale by 66.9% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,088 shares of the retailer’s stock worth $2,738,000 after buying an additional 1,238 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Costco Wholesale by 52.1% during the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after acquiring an additional 2,620 shares during the period. Finally, Patton Fund Management Inc. acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $6,424,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock valued at $9,826,115 in the last 90 days. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Oppenheimer lifted their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Evercore ISI lifted their price objective on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $905.30.

Costco Wholesale Stock Down 1.8 %

Shares of COST opened at $907.07 on Friday. The business’s fifty day moving average price is $897.62 and its two-hundred day moving average price is $858.66. The firm has a market capitalization of $401.90 billion, a price-to-earnings ratio of 54.74, a PEG ratio of 5.60 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $572.24 and a 52 week high of $962.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.86 earnings per share. On average, analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

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.