Costco Wholesale Co. (NASDAQ:COST) Position Increased by First National Advisers LLC

First National Advisers LLC raised its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 38.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,133 shares of the retailer’s stock after acquiring an additional 596 shares during the quarter. Costco Wholesale makes up 1.5% of First National Advisers LLC’s portfolio, making the stock its 10th biggest holding. First National Advisers LLC’s holdings in Costco Wholesale were worth $1,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Horst & Graben Wealth Management LLC raised its position in Costco Wholesale by 1.1% in the 2nd quarter. Horst & Graben Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $840,000 after purchasing an additional 19 shares during the last quarter. CNB Bank grew its holdings in Costco Wholesale by 1.0% during the 2nd quarter. CNB Bank now owns 1,928 shares of the retailer’s stock worth $924,000 after acquiring an additional 19 shares during the period. Equitable Trust Co. grew its holdings in Costco Wholesale by 4.2% during the 2nd quarter. Equitable Trust Co. now owns 491 shares of the retailer’s stock worth $235,000 after acquiring an additional 20 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Costco Wholesale by 0.6% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,504 shares of the retailer’s stock worth $1,679,000 after acquiring an additional 20 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC grew its holdings in Costco Wholesale by 2.2% during the 2nd quarter. Benchmark Financial Wealth Advisors LLC now owns 932 shares of the retailer’s stock worth $447,000 after acquiring an additional 20 shares during the period. 66.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $483.58, for a total value of $483,580.00. Following the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $483.58, for a total value of $483,580.00. Following the sale, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 952 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $483.00, for a total transaction of $459,816.00. Following the completion of the sale, the director now directly owns 18,920 shares in the company, valued at $9,138,360. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Cowen lowered their target price on shares of Costco Wholesale from $650.00 to $600.00 and set an “outperform” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Costco Wholesale from $581.00 to $578.00 in a report on Tuesday, November 29th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Monday. Oppenheimer reissued an “outperform” rating and issued a $550.00 price target on shares of Costco Wholesale in a report on Monday, December 5th. Finally, UBS Group boosted their price target on shares of Costco Wholesale from $565.00 to $600.00 and gave the company a “buy” rating in a report on Friday, January 6th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.78.

Costco Wholesale Stock Down 1.4 %

NASDAQ:COST traded down $7.00 on Wednesday, hitting $485.11. 233,122 shares of the company’s stock were exchanged, compared to its average volume of 2,030,608. The firm has a 50-day moving average price of $486.20 and a 200-day moving average price of $501.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.03 and a quick ratio of 0.47. Costco Wholesale Co. has a 52 week low of $406.51 and a 52 week high of $612.27. The company has a market cap of $215.26 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 3.61 and a beta of 0.76.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its quarterly earnings results on Thursday, December 8th. The retailer reported $3.10 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.04). Costco Wholesale had a return on equity of 28.83% and a net margin of 2.55%. The business had revenue of $54.44 billion for the quarter, compared to the consensus estimate of $54.67 billion. As a group, analysts expect that Costco Wholesale Co. will post 14.28 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Friday, February 3rd will be issued a $0.90 dividend. The ex-dividend date is Thursday, February 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.74%. Costco Wholesale’s payout ratio is 27.21%.

About Costco Wholesale

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTGet Rating).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.