Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,635 shares of the retailer’s stock after acquiring an additional 761 shares during the period. Greenleaf Trust’s holdings in Costco Wholesale were worth $8,833,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. United Bank raised its holdings in Costco Wholesale by 9.2% in the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after buying an additional 444 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Costco Wholesale by 33.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after acquiring an additional 96,566 shares in the last quarter. Covestor Ltd grew its position in Costco Wholesale by 87.1% in the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after acquiring an additional 108 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in Costco Wholesale in the first quarter valued at approximately $333,000. Finally, Next Century Growth Investors LLC grew its position in Costco Wholesale by 0.9% in the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after acquiring an additional 30 shares in the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $723.40 on Friday. Costco Wholesale Co. has a fifty-two week low of $465.33 and a fifty-two week high of $728.17. The firm’s 50-day simple moving average is $669.74 and its 200 day simple moving average is $599.76. The company has a quick ratio of 0.60, a current ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock has a market cap of $320.99 billion, a P/E ratio of 49.31, a P/E/G ratio of 5.22 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 EPS for the quarter, topping the consensus estimate of $3.41 by $0.07. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The firm had revenue of $57.80 billion for the quarter, compared to analysts’ expectations of $57.79 billion. During the same period in the previous year, the business earned $3.10 earnings per share. Costco Wholesale’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Co. will post 15.66 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.81%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,593,803.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Caton Frates sold 740 shares of Costco Wholesale stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total value of $927,220.00. Following the completion of the transaction, the insider now directly owns 13,922 shares in the company, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,752 shares of company stock worth $9,377,669. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $612.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $659.96.

View Our Latest Research Report on COST

About Costco Wholesale

(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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