Costco Wholesale Corporation $COST Shares Acquired by Baker Boyer National Bank

Baker Boyer National Bank increased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 13.7% during the second quarter, HoldingsChannel.com reports. The fund owned 2,037 shares of the retailer’s stock after buying an additional 246 shares during the period. Costco Wholesale makes up approximately 0.7% of Baker Boyer National Bank’s holdings, making the stock its 15th largest holding. Baker Boyer National Bank’s holdings in Costco Wholesale were worth $2,017,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bulwark Capital Corp purchased a new position in Costco Wholesale in the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC grew its position in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. grew its position in Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares during the last quarter. eCIO Inc. purchased a new position in Costco Wholesale in the 1st quarter valued at $48,000. Finally, Aspect Partners LLC grew its position in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on COST. Mizuho decreased their target price on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Sanford C. Bernstein boosted their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Truist Financial decreased their target price on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Twenty analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,068.04.

Costco Wholesale Stock Performance

Shares of COST opened at $946.51 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $419.47 billion, a P/E ratio of 51.98, a PEG ratio of 5.67 and a beta of 0.98. The company has a 50-day moving average of $951.71 and a two-hundred day moving average of $971.87. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23.

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

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of the business’s 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 completion of 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 position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.