First United Bank & Trust Buys 24 Shares of Costco Wholesale Co. (NASDAQ:COST)

First United Bank & Trust raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,555 shares of the retailer’s stock after acquiring an additional 24 shares during the period. First United Bank & Trust’s holdings in Costco Wholesale were worth $1,148,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Baillie Gifford & Co. bought a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $31,000. KB Financial Partners LLC bought a new position in shares of Costco Wholesale in the 1st quarter worth approximately $35,000. West Financial Advisors LLC lifted its stake in shares of Costco Wholesale by 100.0% in the 2nd quarter. West Financial Advisors LLC now owns 100 shares of the retailer’s stock worth $40,000 after purchasing an additional 50 shares during the period. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $35,000. Finally, PNC Managed Account Solutions Inc. bought a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.

Several equities research analysts recently issued reports on COST shares. Credit Suisse Group increased their target price on shares of Costco Wholesale from $400.00 to $490.00 and gave the stock a “neutral” rating in a report on Monday, September 27th. Citigroup increased their target price on shares of Costco Wholesale from $495.00 to $505.00 and gave the stock a “neutral” rating in a report on Thursday, November 4th. Telsey Advisory Group increased their target price on shares of Costco Wholesale from $480.00 to $535.00 and gave the stock an “outperform” rating in a report on Monday, November 1st. Evercore ISI increased their target price on shares of Costco Wholesale from $480.00 to $525.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. Finally, DA Davidson increased their target price on shares of Costco Wholesale from $390.00 to $423.00 and gave the stock a “neutral” rating in a report on Friday, September 24th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $496.23.

COST stock opened at $549.73 on Thursday. The firm has a fifty day moving average price of $481.58 and a 200 day moving average price of $438.24. Costco Wholesale Co. has a fifty-two week low of $307.00 and a fifty-two week high of $550.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.52 and a current ratio of 1.00. The firm has a market cap of $242.88 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 5.08 and a beta of 0.65.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, September 22nd. The retailer reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.33. Costco Wholesale had a net margin of 2.56% and a return on equity of 29.62%. The firm had revenue of $61.44 billion during the quarter, compared to analyst estimates of $61.45 billion. Costco Wholesale’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $3.13 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 12.15 EPS 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 given a $0.79 dividend. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. 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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