Intrust Bank NA Has $5.23 Million Stake in Costco Wholesale Corporation $COST

Intrust Bank NA grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,283 shares of the retailer’s stock after purchasing an additional 143 shares during the quarter. Intrust Bank NA’s holdings in Costco Wholesale were worth $5,230,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Costco Wholesale by 6.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 228,169 shares of the retailer’s stock worth $225,874,000 after buying an additional 14,601 shares during the last quarter. FSA Wealth Management LLC increased its position in Costco Wholesale by 3.3% during the second quarter. FSA Wealth Management LLC now owns 411 shares of the retailer’s stock worth $407,000 after acquiring an additional 13 shares during the period. Farrow Financial Inc. acquired a new position in Costco Wholesale during the 2nd quarter valued at $2,388,000. Midwest Professional Planners LTD. boosted its holdings in Costco Wholesale by 1.2% in the 2nd quarter. Midwest Professional Planners LTD. now owns 6,994 shares of the retailer’s stock valued at $6,923,000 after purchasing an additional 81 shares during the period. Finally, Symphony Financial Ltd. Co. boosted its holdings in Costco Wholesale by 15,055.5% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 320,994 shares of the retailer’s stock valued at $317,722,000 after purchasing an additional 318,876 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.2%

Shares of NASDAQ COST opened at $922.98 on Monday. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The business has a fifty day moving average of $934.93 and a two-hundred day moving average of $966.35. The stock has a market cap of $409.05 billion, a PE ratio of 50.69, a PEG ratio of 5.54 and a beta of 0.98.

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. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter last year, the company posted $5.15 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Oppenheimer cut their price target on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Citigroup lowered their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,063.88.

Insider Buying and Selling

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction 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 that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,320 shares of company stock valued at $9,605,487 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

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.