Costco Wholesale Co. (NASDAQ:COST) Shares Bought by AMG National Trust Bank

AMG National Trust Bank lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,449 shares of the retailer’s stock after acquiring an additional 12 shares during the quarter. AMG National Trust Bank’s holdings in Costco Wholesale were worth $4,080,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $31,000. NewSquare Capital LLC lifted its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $33,000. Finally, Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Roth Mkm boosted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. DA Davidson boosted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 2.0 %

Shares of NASDAQ:COST opened at $1,026.62 on Friday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company’s fifty day moving average is $989.20 and its 200-day moving average is $942.33. The company has a market capitalization of $455.72 billion, a PE ratio of 60.28, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Costco Wholesale 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.