Security National Bank Purchases 100 Shares of Costco Wholesale Co. (NASDAQ:COST)

Security National Bank grew its position in Costco Wholesale Co. (NASDAQ:COST) by 15.4% in the third quarter, HoldingsChannel.com reports. The firm owned 750 shares of the retailer’s stock after acquiring an additional 100 shares during the period. Security National Bank’s holdings in Costco Wholesale were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. Ironwood Wealth Management LLC. boosted its position in shares of Costco Wholesale by 18.2% during the first quarter. Ironwood Wealth Management LLC. now owns 3,283 shares of the retailer’s stock worth $1,157,000 after acquiring an additional 506 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Costco Wholesale by 15.6% during the first quarter. Baker Tilly Wealth Management LLC now owns 919 shares of the retailer’s stock worth $324,000 after acquiring an additional 124 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of Costco Wholesale during the first quarter worth $588,000. Childress Capital Advisors LLC boosted its position in shares of Costco Wholesale by 39.0% during the first quarter. Childress Capital Advisors LLC now owns 977 shares of the retailer’s stock worth $344,000 after acquiring an additional 274 shares during the last quarter. Finally, Pendal Group Limited boosted its position in shares of Costco Wholesale by 230.8% during the first quarter. Pendal Group Limited now owns 3,645 shares of the retailer’s stock worth $1,284,000 after acquiring an additional 2,543 shares during the last quarter. Institutional investors and hedge funds own 66.87% of the company’s stock.

A number of equities analysts recently weighed in on COST shares. Loop Capital upped their target price on shares of Costco Wholesale from $515.00 to $545.00 and gave the stock a “buy” rating in a research report on Monday, November 1st. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costco Wholesale from $468.00 to $472.00 and gave the company a “hold” rating in a research report on Thursday, November 4th. DA Davidson increased their price objective on shares of Costco Wholesale from $390.00 to $423.00 and gave the company a “neutral” rating in a research report on Friday, September 24th. Finally, Citigroup increased their price objective on shares of Costco Wholesale from $495.00 to $505.00 and gave the company a “neutral” rating in a research report on Thursday, November 4th. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $496.23.

COST stock traded up $4.47 during trading on Thursday, hitting $549.73. The company had a trading volume of 2,315,610 shares, compared to its average volume of 2,180,508. The firm has a market capitalization of $242.88 billion, a P/E ratio of 48.78, a PEG ratio of 5.08 and a beta of 0.65. Costco Wholesale Co. has a 52-week low of $307.00 and a 52-week high of $550.83. The company has a 50 day simple moving average of $481.58 and a 200-day simple moving average of $438.24. The company has a quick ratio of 0.52, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, September 22nd. The retailer reported $3.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.57 by $0.33. The company had revenue of $61.44 billion for the quarter, compared to the consensus estimate of $61.45 billion. Costco Wholesale had a net margin of 2.56% and a return on equity of 29.62%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 EPS. Sell-side analysts forecast that Costco Wholesale Co. will post 12.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Friday, October 29th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, October 28th. Costco Wholesale’s dividend payout ratio is presently 28.04%.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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