Nicolet Bankshares Inc. Has $4.26 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Nicolet Bankshares Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 18.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,533 shares of the retailer’s stock after selling 1,718 shares during the quarter. Costco Wholesale accounts for about 1.3% of Nicolet Bankshares Inc.’s holdings, making the stock its 18th largest position. Nicolet Bankshares Inc.’s holdings in Costco Wholesale were worth $4,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Wealth Management L.L.C. bought a new stake in Costco Wholesale during the fourth quarter valued at $26,000. Horizon Bancorp Inc. IN bought a new stake in Costco Wholesale during the second quarter valued at $38,000. Steph & Co. boosted its stake in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares during the period. Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 888.9% during the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares during the period. Finally, Focused Wealth Management Inc boosted its stake in Costco Wholesale by 101.5% during the second quarter. Focused Wealth Management Inc now owns 90 shares of the retailer’s stock valued at $48,000 after buying an additional 6,000 shares during the period. 66.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Raymond James lifted their price objective on Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Northcoast Research downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target on the stock. in a research report on Wednesday, December 20th. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets raised their price target on Costco Wholesale from $612.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Finally, Telsey Advisory Group raised their price target on Costco Wholesale from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.96.

View Our Latest Analysis on Costco Wholesale

Costco Wholesale Stock Down 0.2 %

COST traded down $1.13 during trading hours on Monday, hitting $722.27. 907,819 shares of the company’s stock were exchanged, compared to its average volume of 2,040,035. Costco Wholesale Co. has a 12-month low of $465.33 and a 12-month high of $728.17. The firm has a 50 day moving average of $669.74 and a 200 day moving average of $599.99. The firm has a market cap of $320.49 billion, a P/E ratio of 49.31, a price-to-earnings-growth ratio of 5.11 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 0.60 and a debt-to-equity ratio of 0.22.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.07. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The company had revenue of $57.80 billion for the quarter, compared to the consensus estimate of $57.79 billion. During the same period in the prior year, the firm posted $3.10 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that Costco Wholesale Co. will post 15.66 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, February 1st. Costco Wholesale’s dividend payout ratio is presently 27.81%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total value of $505,790.00. Following the sale, the executive vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total value of $505,790.00. Following the completion of the transaction, the executive vice president now owns 6,721 shares in the company, valued at approximately $4,593,803.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,752 shares of company stock valued at $9,377,669. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company Profile

(Free Report)

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.

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

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