Hilltop National Bank Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Hilltop National Bank raised its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,328 shares of the retailer’s stock after acquiring an additional 30 shares during the quarter. Costco Wholesale makes up approximately 0.9% of Hilltop National Bank’s portfolio, making the stock its 21st biggest position. Hilltop National Bank’s holdings in Costco Wholesale were worth $3,049,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at $58,000. Fairway Wealth LLC grew its stake in Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COST shares. Jefferies Financial Group boosted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. DA Davidson increased their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Read Our Latest Stock Analysis on Costco Wholesale

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $0.25 during mid-day trading on Friday, reaching $927.12. 1,042,278 shares of the company were exchanged, compared to its average volume of 1,668,274. The firm’s 50-day simple moving average is $946.73 and its two-hundred day simple moving average is $897.99. Costco Wholesale Co. has a twelve month low of $667.64 and a twelve month high of $1,008.25. The firm has a market cap of $411.55 billion, a PE ratio of 54.44, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Costco Wholesale Company Profile

(Free Report)

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.

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

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