First Western Trust Bank Has $11.87 Million Position in Costco Wholesale Co. (NASDAQ:COST)

First Western Trust Bank lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,966 shares of the retailer’s stock after selling 2,048 shares during the quarter. Costco Wholesale makes up approximately 0.6% of First Western Trust Bank’s investment portfolio, making the stock its 14th largest position. First Western Trust Bank’s holdings in Costco Wholesale were worth $11,871,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after purchasing an additional 228 shares during the last quarter. Aveo Capital Partners LLC raised its stake in Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after buying an additional 135 shares during the last quarter. Gryphon Financial Partners LLC lifted its holdings in Costco Wholesale by 62.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after buying an additional 1,274 shares during the period. Everpar Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter worth about $231,000. Finally, Wrapmanager Inc. grew its holdings in Costco Wholesale by 2.7% during the 4th quarter. Wrapmanager Inc. now owns 787 shares of the retailer’s stock worth $519,000 after acquiring an additional 21 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

COST opened at $885.98 on Friday. Costco Wholesale Co. has a fifty-two week low of $540.18 and a fifty-two week high of $918.93. The firm has a 50-day moving average of $856.92 and a 200 day moving average of $798.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $392.78 billion, a P/E ratio of 54.89, a PEG ratio of 5.98 and a beta of 0.80.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. Loop Capital raised their target price on Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Tigress Financial lifted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Evercore ISI cut their target price on shares of Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $824.50.

Costco Wholesale Company 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.