City State Bank Sells 19 Shares of Costco Wholesale Corporation $COST

City State Bank decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 2,264 shares of the retailer’s stock after selling 19 shares during the period. City State Bank’s holdings in Costco Wholesale were worth $2,241,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of COST. Brighton Jones LLC lifted its holdings in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares during the period. GAMMA Investing LLC raised its stake in shares of Costco Wholesale by 12.6% in the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after buying an additional 966 shares during the period. Omnia Family Wealth LLC raised its stake in shares of Costco Wholesale by 38.6% in the first quarter. Omnia Family Wealth LLC now owns 463 shares of the retailer’s stock worth $438,000 after buying an additional 129 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Costco Wholesale by 3.9% in the first quarter. Perigon Wealth Management LLC now owns 21,712 shares of the retailer’s stock worth $20,535,000 after buying an additional 816 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,920 shares of company stock worth $7,373,175 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $932.14 on Friday. The stock has a market capitalization of $413.11 billion, a PE ratio of 51.19, a P/E/G ratio of 5.72 and a beta of 0.98. The business has a 50 day simple moving average of $945.23 and a two-hundred day simple moving average of $971.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $5.15 EPS. On average, research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COST shares. Oppenheimer reaffirmed an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Sanford C. Bernstein lifted their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. DA Davidson reissued a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Daiwa Capital Markets decreased their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

About Costco Wholesale

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.