Security National Bank Has $337,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Security National Bank increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 750 shares of the retailer’s stock after acquiring an additional 100 shares during the period. Security National Bank’s holdings in Costco Wholesale were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Amussen Hunsaker Associates LLC raised its position in Costco Wholesale by 2.0% in the 2nd quarter. Amussen Hunsaker Associates LLC now owns 1,198 shares of the retailer’s stock worth $474,000 after purchasing an additional 23 shares during the period. Northern Capital Management Inc. raised its position in Costco Wholesale by 2.7% in the 3rd quarter. Northern Capital Management Inc. now owns 861 shares of the retailer’s stock worth $387,000 after purchasing an additional 23 shares during the period. Lindbrook Capital LLC raised its position in Costco Wholesale by 6.5% in the 2nd quarter. Lindbrook Capital LLC now owns 395 shares of the retailer’s stock worth $156,000 after purchasing an additional 24 shares during the period. Claraphi Advisory Network LLC raised its position in Costco Wholesale by 3.0% in the 2nd quarter. Claraphi Advisory Network LLC now owns 831 shares of the retailer’s stock worth $329,000 after purchasing an additional 24 shares during the period. Finally, Lester Murray Antman dba SimplyRich raised its position in Costco Wholesale by 1.2% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 2,089 shares of the retailer’s stock worth $938,000 after purchasing an additional 24 shares during the period. Institutional investors own 66.87% of the company’s stock.

A number of equities analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Costco Wholesale from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. They noted that the move was a valuation call. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $525.00 to $575.00 in a research report on Thursday, November 11th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 1st. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $520.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, November 3rd. Finally, Loop Capital boosted their price objective on shares of Costco Wholesale from $515.00 to $545.00 and gave the company a “buy” rating in a research report on Monday, November 1st. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $496.23.

NASDAQ:COST traded up $4.47 during mid-day trading on Thursday, hitting $549.73. 2,315,610 shares of the company’s stock were exchanged, compared to its average volume of 2,180,508. Costco Wholesale Co. has a one year low of $307.00 and a one year high of $550.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.52. The business has a fifty day moving average price of $481.58 and a 200 day moving average price of $438.24. The company has a market cap of $242.88 billion, a PE ratio of 48.78, a P/E/G ratio of 5.08 and a beta of 0.65.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, September 22nd. The retailer reported $3.90 EPS for the quarter, topping the consensus estimate of $3.57 by $0.33. Costco Wholesale had a net margin of 2.56% and a return on equity of 29.62%. The business had revenue of $61.44 billion for the quarter, compared to analyst estimates of $61.45 billion. During the same quarter in the previous year, the firm posted $3.13 earnings per share. Costco Wholesale’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Co. will post 12.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Investors of record on Friday, October 29th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 28th. Costco Wholesale’s payout ratio is currently 28.04%.

About Costco Wholesale

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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