Security National Bank Raises Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Security National Bank boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 638.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,085 shares of the retailer’s stock after acquiring an additional 5,261 shares during the quarter. Costco Wholesale comprises 1.1% of Security National Bank’s holdings, making the stock its 22nd largest holding. Security National Bank’s holdings in Costco Wholesale were worth $5,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Clear Investment Research LLC raised its stake in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after acquiring an additional 10 shares during the period. Finally, Capital A Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.4%

Costco Wholesale stock opened at $982.91 on Friday. The stock’s fifty day moving average is $1,004.08 and its two-hundred day moving average is $981.26. The stock has a market cap of $435.90 billion, a PE ratio of 55.75, a P/E/G ratio of 5.83 and a beta of 1.00. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 earnings per share. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a $1.30 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is presently 29.50%.

Analyst Ratings Changes

COST has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Tuesday, June 3rd. Loop Capital dropped their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Robert W. Baird boosted their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Cfra Research upgraded Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Mizuho started coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They set a “neutral” rating and a $975.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,034.79.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director now owns 11,531 shares of the company’s stock, valued at $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the sale, the executive vice president now owns 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,547 shares of company stock valued at $9,496,950 in the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Profile

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.