Glenview Trust Co Acquires 197 Shares of Costco Wholesale Co. (NASDAQ:COST)

Glenview Trust Co increased its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,560 shares of the retailer’s stock after purchasing an additional 197 shares during the period. Glenview Trust Co’s holdings in Costco Wholesale were worth $3,098,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. United Bank increased its position in Costco Wholesale by 9.2% during the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after acquiring an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Costco Wholesale by 33.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after acquiring an additional 96,566 shares during the last quarter. Covestor Ltd increased its position in Costco Wholesale by 87.1% during the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after acquiring an additional 108 shares during the last quarter. Bridgefront Capital LLC bought a new position in Costco Wholesale during the first quarter valued at $333,000. Finally, Next Century Growth Investors LLC increased its position in Costco Wholesale by 0.9% during the first quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 66.03% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $483.58, for a total value of $483,580.00. Following the sale, the executive vice president now owns 11,593 shares in the company, valued at approximately $5,606,142.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Russell D. Miller sold 1,000 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $483.58, for a total transaction of $483,580.00. Following the transaction, the executive vice president now owns 11,593 shares in the company, valued at approximately $5,606,142.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 952 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $483.00, for a total value of $459,816.00. Following the transaction, the director now owns 18,920 shares in the company, valued at approximately $9,138,360. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Costco Wholesale from $581.00 to $578.00 in a research report on Tuesday, November 29th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, December 6th. They set an “outperform” rating and a $586.00 price objective on the stock. MKM Partners lowered their target price on shares of Costco Wholesale from $512.00 to $484.00 in a research note on Friday, December 9th. Bank of America lowered their target price on shares of Costco Wholesale from $605.00 to $600.00 in a research note on Thursday, December 1st. Finally, DA Davidson boosted their target price on shares of Costco Wholesale from $470.00 to $478.00 in a research note on Friday, January 6th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $553.78.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $492.11 on Wednesday. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The company’s 50 day moving average is $486.20 and its 200 day moving average is $501.59. The company has a current ratio of 1.03, a quick ratio of 0.47 and a debt-to-equity ratio of 0.30. The company has a market cap of $218.36 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 3.61 and a beta of 0.76.

Costco Wholesale (NASDAQ:COSTGet Rating) last issued its quarterly earnings results on Thursday, December 8th. The retailer reported $3.10 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.04). Costco Wholesale had a return on equity of 28.83% and a net margin of 2.55%. The business had revenue of $54.44 billion during the quarter, compared to analyst estimates of $54.67 billion. On average, sell-side analysts forecast that Costco Wholesale Co. will post 14.28 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, February 3rd will be given a $0.90 dividend. The ex-dividend date is Thursday, February 2nd. This represents a $3.60 annualized dividend and a yield of 0.73%. Costco Wholesale’s dividend payout ratio is presently 27.21%.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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