Costco Wholesale Co. (NASDAQ:COST) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 996 shares of the retailer’s stock after selling 120 shares during the period. First National Bank of Hutchinson’s holdings in Costco Wholesale were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COST. Register Financial Advisors LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth about $89,000. Pinnacle Bancorp Inc. increased its stake in Costco Wholesale by 1.4% in the first quarter. Pinnacle Bancorp Inc. now owns 5,168 shares of the retailer’s stock valued at $3,787,000 after purchasing an additional 70 shares during the last quarter. Tsfg LLC raised its holdings in Costco Wholesale by 17.3% during the first quarter. Tsfg LLC now owns 834 shares of the retailer’s stock worth $611,000 after purchasing an additional 123 shares in the last quarter. Capital Insight Partners LLC lifted its position in shares of Costco Wholesale by 38.9% during the 1st quarter. Capital Insight Partners LLC now owns 1,053 shares of the retailer’s stock worth $771,000 after buying an additional 295 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Costco Wholesale by 0.6% in the 1st quarter. Harbour Capital Advisors LLC now owns 8,028 shares of the retailer’s stock valued at $5,710,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $893.42 on Friday. The stock’s 50 day simple moving average is $891.03 and its 200 day simple moving average is $836.93. The stock has a market cap of $395.85 billion, a P/E ratio of 53.92, a P/E/G ratio of 5.50 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the business posted $4.86 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research report on Tuesday, September 24th. Loop Capital boosted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday, September 27th. Oppenheimer raised their price target on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $894.57.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock worth $11,238,510 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.