American National Bank Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

American National Bank grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,626 shares of the retailer’s stock after acquiring an additional 1,290 shares during the quarter. Costco Wholesale accounts for approximately 1.9% of American National Bank’s investment portfolio, making the stock its 11th biggest holding. American National Bank’s holdings in Costco Wholesale were worth $11,105,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $26,000. Agur Provident & Training Funds Management Ltd. bought a new stake in Costco Wholesale in the 1st quarter worth approximately $42,000. 25 LLC bought a new stake in Costco Wholesale in the 1st quarter worth approximately $44,000. Piscataqua Savings Bank lifted its position in Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after buying an additional 22 shares during the last quarter. Finally, Guardian Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 66.31% of the company’s stock.

Costco Wholesale Trading Up 1.1 %

NASDAQ COST opened at $562.72 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a twelve month low of $447.90 and a twelve month high of $571.16. The firm has a market capitalization of $249.34 billion, a PE ratio of 41.68, a P/E/G ratio of 4.11 and a beta of 0.79. The stock’s 50 day moving average is $551.21 and its 200 day moving average is $519.89.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is 30.22%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the sale, the director now directly owns 13,329 shares of the company’s stock, valued at $7,104,357. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on COST shares. Robert W. Baird boosted their target price on Costco Wholesale from $535.00 to $550.00 in a research report on Friday, July 7th. Evercore ISI boosted their target price on Costco Wholesale from $595.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Truist Financial lifted their price target on Costco Wholesale from $567.00 to $597.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Costco Wholesale in a research note on Monday. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

About Costco Wholesale

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.