Costco Wholesale Corporation $COST Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,331 shares of the retailer’s stock after selling 120 shares during the period. FineMark National Bank & Trust’s holdings in Costco Wholesale were worth $6,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bulwark Capital Corp acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $25,000. LFA Lugano Financial Advisors SA purchased a new stake in Costco Wholesale in the 2nd quarter worth $31,000. Anderson Financial Strategies LLC increased its holdings in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares in the last quarter. Financial Connections Group Inc. raised its position in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after acquiring an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC lifted its holdings in Costco Wholesale by 72.0% during the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Hovde Group initiated coverage on Costco Wholesale in a report on Tuesday. They issued a “market perform” rating and a $16.00 price objective on the stock. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. BTIG Research started coverage on Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 target price on the stock. Finally, Evercore ISI lowered their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,025.07.

Costco Wholesale Trading Down 1.9%

COST opened at $895.08 on Wednesday. The firm has a market capitalization of $396.68 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company’s 50 day simple moving average is $932.06 and its two-hundred day simple moving average is $964.95. Costco Wholesale Corporation has a 1-year low of $871.71 and a 1-year high of $1,078.23. 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 (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the firm earned $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the transaction, the insider owned 5,155 shares in the company, valued at $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,720 shares of company stock worth $9,010,257 in the last quarter. 0.18% of the stock is currently owned by insiders.

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.