City State Bank Acquires 35 Shares of Costco Wholesale Co. (NASDAQ:COST)

City State Bank increased its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the retailer’s stock after acquiring an additional 35 shares during the quarter. City State Bank’s holdings in Costco Wholesale were worth $1,685,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock worth $26,640,940,000 after purchasing an additional 485,051 shares during the period. Norges Bank acquired a new position in Costco Wholesale in the fourth quarter valued at about $3,628,694,000. Capital World Investors boosted its position in Costco Wholesale by 3.9% in the fourth quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock valued at $2,336,198,000 after buying an additional 132,292 shares in the last quarter. International Assets Investment Management LLC boosted its position in Costco Wholesale by 61,693.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after buying an additional 3,100,099 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Costco Wholesale by 3.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after buying an additional 85,398 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on COST shares. Barclays increased their price objective on Costco Wholesale from $700.00 to $765.00 and gave the company an “equal weight” rating in a research report on Friday, May 31st. Evercore ISI lifted their target price on shares of Costco Wholesale from $860.00 to $890.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup lifted their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. DA Davidson reaffirmed a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $752.96.

View Our Latest Stock Analysis on Costco Wholesale

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

Costco Wholesale stock traded down $14.13 during mid-day trading on Friday, hitting $848.31. 3,852,859 shares of the company traded hands, compared to its average volume of 1,748,766. Costco Wholesale Co. has a one year low of $519.34 and a one year high of $873.96. The stock has a market cap of $376.08 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 5.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a fifty day moving average price of $788.13 and a 200-day moving average price of $731.70.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.43 EPS. On average, equities analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Costco Wholesale 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.

Further Reading

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

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