Costco Wholesale Co. (NASDAQ:COST) is Trust Co. of Oklahoma’s 8th Largest Position

Trust Co. of Oklahoma lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,709 shares of the retailer’s stock after selling 162 shares during the period. Costco Wholesale makes up about 2.8% of Trust Co. of Oklahoma’s holdings, making the stock its 8th biggest holding. Trust Co. of Oklahoma’s holdings in Costco Wholesale were worth $8,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at $31,000. NewSquare Capital LLC grew its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Collier Financial bought a new stake in Costco Wholesale in the 4th quarter worth $35,000. Finally, Clear Investment Research LLC grew its holdings in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.9%

NASDAQ:COST opened at $1,006.18 on Tuesday. Costco Wholesale Co. has a one year low of $793.00 and a one year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50-day simple moving average is $994.50 and its 200 day simple moving average is $980.11. The firm has a market capitalization of $446.42 billion, a P/E ratio of 59.08, a PEG ratio of 6.15 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.78 earnings per share. As a group, analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.52%. Costco Wholesale’s payout ratio is 29.50%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the transaction, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at $10,495,211.65. The trade was a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock valued at $7,816,895. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COST shares. Barclays raised their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,035.32.

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.