Texas Bank & Trust Co Acquires 55 Shares of Costco Wholesale Corporation $COST

Texas Bank & Trust Co lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,867 shares of the retailer’s stock after buying an additional 55 shares during the quarter. Texas Bank & Trust Co’s holdings in Costco Wholesale were worth $1,848,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC boosted its position in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares in the last quarter. Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the last quarter. Frazier Financial Advisors LLC grew its stake in shares of Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares during the last quarter. Finally, eCIO Inc. bought a new position in Costco Wholesale during the 1st quarter valued at approximately $48,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wolfe Research began coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Argus lifted their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley dropped their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Finally, Mizuho decreased their target price on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,068.15.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the sale, the executive vice president owned 6,851 shares of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,920 shares of company stock worth $7,373,175. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $911.45 on Monday. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The stock has a 50-day moving average of $939.53 and a 200 day moving average of $970.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company has a market capitalization of $403.94 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter last year, the firm posted $5.15 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

About Costco Wholesale

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.