Costco Wholesale Co. (COST) Stake Raised by American National Bank

American National Bank lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 54.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,628 shares of the retailer’s stock after purchasing an additional 10,053 shares during the period. Costco Wholesale comprises approximately 2.1% of American National Bank’s holdings, making the stock its 13th biggest holding. American National Bank’s holdings in Costco Wholesale were worth $5,832,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. increased its position in shares of Costco Wholesale by 3.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 53,460 shares of the retailer’s stock worth $12,556,000 after purchasing an additional 1,648 shares during the last quarter. Orleans Capital Management Corp LA increased its position in shares of Costco Wholesale by 5.5% in the second quarter. Orleans Capital Management Corp LA now owns 14,785 shares of the retailer’s stock worth $3,090,000 after purchasing an additional 765 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Costco Wholesale by 13.2% in the second quarter. Advisors Asset Management Inc. now owns 70,250 shares of the retailer’s stock worth $14,681,000 after purchasing an additional 8,173 shares during the last quarter. Coe Capital Management LLC increased its position in shares of Costco Wholesale by 4.2% in the third quarter. Coe Capital Management LLC now owns 10,930 shares of the retailer’s stock worth $2,567,000 after purchasing an additional 440 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Costco Wholesale by 3.2% in the second quarter. MAI Capital Management now owns 33,295 shares of the retailer’s stock worth $6,958,000 after purchasing an additional 1,048 shares during the last quarter. 70.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale stock traded up $0.08 on Friday, hitting $210.72. The stock had a trading volume of 136,301 shares, compared to its average volume of 2,884,531. Costco Wholesale Co. has a one year low of $175.79 and a one year high of $245.16. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 1.02.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 13th. The retailer reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.01). Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The business had revenue of $34.31 billion during the quarter, compared to analysts’ expectations of $34.66 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Costco Wholesale Co. will post 7.64 earnings per share for the current fiscal year.

Several research analysts recently weighed in on COST shares. Oppenheimer decreased their price objective on shares of Costco Wholesale from $262.00 to $240.00 in a research report on Friday, December 14th. Citigroup increased their price target on shares of Costco Wholesale from $250.00 to $257.00 and gave the company a “buy” rating in a research report on Friday, October 5th. Bank of America set a $255.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Thursday, October 4th. Loop Capital set a $265.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Wednesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $239.46.

In other Costco Wholesale news, VP Richard A. Galanti sold 4,163 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $227.23, for a total transaction of $945,958.49. Following the completion of the transaction, the vice president now owns 32,270 shares of the company’s stock, valued at $7,332,712.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Franz E. Lazarus sold 23,000 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $226.76, for a total value of $5,215,480.00. Following the transaction, the vice president now directly owns 6,830 shares of the company’s stock, valued at approximately $1,548,770.80. The disclosure for this sale can be found here. Insiders sold 60,662 shares of company stock valued at $13,624,025 in the last ninety days. 0.21% of the stock is currently owned by insiders.

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About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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