AMG National Trust Bank Sells 328 Shares of Costco Wholesale Co. (NASDAQ:COST)

AMG National Trust Bank trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,437 shares of the retailer’s stock after selling 328 shares during the period. AMG National Trust Bank’s holdings in Costco Wholesale were worth $3,934,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after buying an additional 1,408 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Costco Wholesale by 20.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 498 shares of the retailer’s stock valued at $365,000 after purchasing an additional 84 shares during the period. Bahl & Gaynor Inc. grew its position in Costco Wholesale by 1.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 7,298 shares of the retailer’s stock worth $5,347,000 after purchasing an additional 84 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Costco Wholesale by 120.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,515 shares of the retailer’s stock worth $5,506,000 after purchasing an additional 4,106 shares during the period. Finally, Capitolis Liquid Global Markets LLC raised its position in shares of Costco Wholesale by 500.0% during the first quarter. Capitolis Liquid Global Markets LLC now owns 60,000 shares of the retailer’s stock valued at $43,958,000 after buying an additional 50,000 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 1.8 %

Shares of COST opened at $907.07 on Monday. The business’s fifty day moving average price is $897.62 and its two-hundred day moving average price is $859.62. The firm has a market capitalization of $401.90 billion, a price-to-earnings ratio of 54.74, a PEG ratio of 5.60 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $572.24 and a 52 week high of $962.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Roth Mkm raised their target price on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Truist Financial lowered 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.