Costco Wholesale Co. (NASDAQ:COST) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the retailer’s stock after selling 351 shares during the period. First National Bank of Hutchinson’s holdings in Costco Wholesale were worth $555,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $1,784,019,000. Morgan Stanley boosted its position in Costco Wholesale by 40.3% during the 4th quarter. Morgan Stanley now owns 7,084,438 shares of the retailer’s stock worth $2,669,275,000 after acquiring an additional 2,034,871 shares during the period. Nuveen Asset Management LLC boosted its position in Costco Wholesale by 10.3% during the 4th quarter. Nuveen Asset Management LLC now owns 4,212,988 shares of the retailer’s stock worth $1,587,370,000 after acquiring an additional 394,660 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Costco Wholesale by 1,411.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 416,145 shares of the retailer’s stock worth $156,795,000 after acquiring an additional 388,621 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Costco Wholesale by 8.1% during the 4th quarter. Alliancebernstein L.P. now owns 3,800,017 shares of the retailer’s stock worth $1,431,770,000 after acquiring an additional 283,963 shares during the period. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:COST traded up $4.07 on Thursday, reaching $367.24. The company’s stock had a trading volume of 39,027 shares, compared to its average volume of 2,969,762. Costco Wholesale Co. has a 1-year low of $293.84 and a 1-year high of $393.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98. The firm has a market cap of $162.52 billion, a PE ratio of 37.29, a PEG ratio of 4.17 and a beta of 0.66. The business’s 50-day moving average price is $339.83 and its two-hundred day moving average price is $361.16.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The business had revenue of $44.77 billion during the quarter, compared to analyst estimates of $43.71 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts expect that Costco Wholesale Co. will post 9.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.86%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. Costco Wholesale’s payout ratio is presently 31.64%.

COST has been the subject of a number of recent research reports. Oppenheimer raised their price target on Costco Wholesale from $370.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target for the company in a research note on Tuesday, February 2nd. Robert W. Baird cut their price target on Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating for the company in a research note on Thursday, March 11th. Telsey Advisory Group cut their price objective on Costco Wholesale from $430.00 to $375.00 and set an “outperform” rating on the stock in a research note on Friday, March 5th. Finally, Royal Bank of Canada cut their price objective on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating on the stock in a research note on Thursday, March 11th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $386.79.

In other news, Director Susan L. Decker sold 694 shares of the company’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $363.35, for a total transaction of $252,164.90. Following the completion of the transaction, the director now directly owns 19,047 shares of the company’s stock, valued at $6,920,727.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now directly owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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