Bank of Jackson Hole Trust Increases Stake in Costco Wholesale Corporation $COST

Bank of Jackson Hole Trust increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 663 shares of the retailer’s stock after acquiring an additional 56 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Costco Wholesale were worth $656,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Peterson Wealth Services increased its holdings in Costco Wholesale by 0.5% in the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after acquiring an additional 72 shares during the last quarter. Fishman Jay A Ltd. MI increased its holdings in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after acquiring an additional 575 shares during the last quarter. Independent Solutions Wealth Management LLC increased its holdings in Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after acquiring an additional 53 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after acquiring an additional 167 shares during the last quarter. Finally, Graybill Wealth Management LTD. purchased a new stake in Costco Wholesale in the 1st quarter worth about $3,095,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on COST shares. JPMorgan Chase & Co. decreased their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. The Goldman Sachs Group raised their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Argus raised their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, DA Davidson restated a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Insiders Place Their Bets

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

Costco Wholesale Stock Down 0.6%

Shares of NASDAQ COST opened at $924.16 on Wednesday. The company has a market cap of $409.57 billion, a P/E ratio of 50.75, a P/E/G ratio of 5.64 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $943.11 and a two-hundred day simple moving average of $971.63. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23.

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

Costco Wholesale Dividend Announcement

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

Costco Wholesale Company 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.