First National Bank of Mount Dora Trust Investment Services Sells 217 Shares of Costco Wholesale Co. (NASDAQ:COST)

First National Bank of Mount Dora Trust Investment Services reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,543 shares of the retailer’s stock after selling 217 shares during the period. Costco Wholesale accounts for approximately 2.2% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 11th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Costco Wholesale were worth $6,491,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Ford Financial Group LLC increased its position in Costco Wholesale by 2.4% in the 1st quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock valued at $472,000 after buying an additional 19 shares in the last quarter. Fermata Advisors LLC increased its position in Costco Wholesale by 5.1% in the 1st quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock valued at $227,000 after buying an additional 19 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in Costco Wholesale by 1.9% during the 1st quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock valued at $591,000 after purchasing an additional 19 shares during the last quarter. Gill Capital Partners LLC boosted its stake in Costco Wholesale by 2.2% during the 4th quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock valued at $516,000 after purchasing an additional 20 shares during the last quarter. Finally, Retirement Solution Inc. boosted its stake in Costco Wholesale by 1.1% during the 4th quarter. Retirement Solution Inc. now owns 1,919 shares of the retailer’s stock valued at $1,089,000 after purchasing an additional 20 shares during the last quarter. 66.83% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $487.17 on Friday. Costco Wholesale Co. has a 12 month low of $406.51 and a 12 month high of $612.27. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $529.73 and its 200 day simple moving average is $519.85. The company has a market cap of $215.80 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 3.72 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a $0.09 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.36 annualized dividend and a yield of 0.07%. Costco Wholesale’s payout ratio is 28.35%.

Insider Activity at Costco Wholesale

In related news, VP James P. Murphy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the transaction, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares of the company’s stock, valued at approximately $13,019,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,800 shares of company stock worth $1,449,904. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Robert W. Baird reiterated an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research note on Friday, September 2nd. The Goldman Sachs Group lifted their price target on Costco Wholesale from $516.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. Oppenheimer lifted their price target on Costco Wholesale from $535.00 to $600.00 in a research note on Thursday, August 4th. Finally, Evercore ISI lifted their price target on Costco Wholesale to $585.00 in a research note on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $575.36.

Costco Wholesale Profile

(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.

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

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