Costco Wholesale Corporation $COST Shares Bought by Keybank National Association OH

Keybank National Association OH boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 334,610 shares of the retailer’s stock after purchasing an additional 4,699 shares during the period. Costco Wholesale makes up approximately 1.1% of Keybank National Association OH’s portfolio, making the stock its 20th biggest holding. Keybank National Association OH owned approximately 0.08% of Costco Wholesale worth $309,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Peterson Wealth Services lifted its stake in Costco Wholesale by 0.5% during the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after purchasing an additional 72 shares during the last quarter. Fishman Jay A Ltd. MI raised its holdings in Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Costco Wholesale by 49.3% during the third quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock worth $3,499,000 after buying an additional 1,248 shares in the last quarter. Permanent Capital Management LP bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $874,000. Finally, Wealthspire Advisors LLC boosted its position in shares of Costco Wholesale by 2.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock valued at $15,640,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 1.3%

Shares of COST opened at $940.25 on Friday. The business’s 50 day simple moving average is $906.50 and its 200-day simple moving average is $929.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.04 and a quick ratio of 0.53. The company has a market capitalization of $417.35 billion, a P/E ratio of 50.36, a PEG ratio of 5.70 and a beta of 1.02. Costco Wholesale Corporation has a one year low of $844.06 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The company had revenue of $67.31 billion during the quarter, compared to analyst estimates of $67.03 billion. During the same period last year, the company posted $4.04 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, January 30th. Costco Wholesale’s dividend payout ratio is currently 27.85%.

Trending Headlines about Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 1,500 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $916.32, for a total transaction of $1,374,480.00. Following the completion of the sale, the executive vice president directly owned 8,240 shares of the company’s stock, valued at approximately $7,550,476.80. This represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Richard Wilcox sold 2,400 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $930.13, for a total transaction of $2,232,312.00. Following the completion of the transaction, the executive vice president directly owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. The trade was a 54.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,315 shares of company stock valued at $8,549,409. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on COST. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Gordon Haskett decreased their target price on shares of Costco Wholesale from $1,150.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. BTIG Research began coverage on shares of Costco Wholesale in a research note on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 target price on the stock. Finally, Robert W. Baird dropped their price target on Costco Wholesale from $1,125.00 to $1,000.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $996.00.

Get Our Latest Report on COST

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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

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