Glenview Trust co Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Glenview Trust co boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,496 shares of the retailer’s stock after acquiring an additional 744 shares during the quarter. Glenview Trust co’s holdings in Costco Wholesale were worth $8,701,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC increased its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Finally, Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $903.92 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market capitalization of $401.25 billion, a price-to-earnings ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The company has a 50 day moving average price of $989.80 and a 200 day moving average price of $944.47.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Insider Transactions at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COST shares. Loop Capital dropped their price objective on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Barclays raised their price target on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Jefferies Financial Group boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, March 3rd. Finally, Robert W. Baird upped their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,030.43.

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.