Intrust Bank NA Acquires 60 Shares of Costco Wholesale Co. (NASDAQ:COST)

Intrust Bank NA grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,028 shares of the retailer’s stock after acquiring an additional 60 shares during the period. Intrust Bank NA’s holdings in Costco Wholesale were worth $4,607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cromwell Holdings LLC lifted its holdings in Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares during the last quarter. 44 Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC boosted its position in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after buying an additional 10 shares during the period. Miramar Capital LLC grew its stake in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock worth $481,000 after purchasing an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC grew its position in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $929.66 on Friday. The business has a 50 day moving average price of $988.07 and a 200 day moving average price of $946.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $412.47 billion, a P/E ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24.

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

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COST. Evercore ISI lifted their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Robert W. Baird increased their target price on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Insider Activity at Costco Wholesale

In other news, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at $10,495,211.65. The trade was a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by corporate 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.