Northwest Bank & Trust Co Acquires New Position in Costco Wholesale Co. (NASDAQ:COST)

Northwest Bank & Trust Co acquired a new stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,829 shares of the retailer’s stock, valued at approximately $1,867,000. Costco Wholesale accounts for about 1.7% of Northwest Bank & Trust Co’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp increased its stake in shares of Costco Wholesale by 1.6% during the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock valued at $589,000 after acquiring an additional 14 shares during the period. Howard Financial Services LTD. increased its stake in shares of Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after acquiring an additional 15 shares during the period. First National Corp MA ADV increased its stake in shares of Costco Wholesale by 0.5% during the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after acquiring an additional 15 shares during the period. Morton Capital Management LLC CA increased its stake in shares of Costco Wholesale by 1.0% during the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after acquiring an additional 15 shares during the period. Finally, Insight Advisors LLC PA increased its stake in shares of Costco Wholesale by 0.6% during the fourth quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Costco Wholesale from $850.00 to $905.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $750.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, May 31st. DA Davidson restated a “neutral” rating and issued a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Finally, Loop Capital lifted their price target on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $751.85.

View Our Latest Report on COST

Costco Wholesale Stock Up 1.1 %

Shares of COST stock traded up $9.71 on Friday, hitting $855.67. The company’s stock had a trading volume of 1,395,485 shares, compared to its average volume of 1,735,517. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a fifty-two week low of $516.54 and a fifty-two week high of $856.18. The firm’s fifty day moving average price is $774.06 and its 200-day moving average price is $722.34. The stock has a market capitalization of $379.34 billion, a price-to-earnings ratio of 53.02, a P/E/G ratio of 5.66 and a beta of 0.79.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same quarter in the previous year, the business earned $3.43 EPS. Costco Wholesale’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Costco Wholesale Co. will post 15.96 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 25th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is presently 28.75%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company Profile

(Free Report)

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.

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

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