Elo Mutual Pension Insurance Co Has $35.29 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Elo Mutual Pension Insurance Co raised its position in Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,522 shares of the retailer’s stock after acquiring an additional 978 shares during the period. Costco Wholesale comprises approximately 0.8% of Elo Mutual Pension Insurance Co’s holdings, making the stock its 19th largest holding. Elo Mutual Pension Insurance Co’s holdings in Costco Wholesale were worth $35,293,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of COST. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale in the fourth quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $32,000. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $34,000. DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $36,000. Finally, Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COST. DA Davidson reaffirmed a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a report on Friday, September 6th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Morgan Stanley increased their price objective on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Truist Financial boosted their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Argus increased their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $844.52.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $897.27 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The stock has a market capitalization of $397.79 billion, a P/E ratio of 55.59, a P/E/G ratio of 5.56 and a beta of 0.80. The business has a 50-day moving average price of $862.32 and a two-hundred day moving average price of $808.65.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

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.