FineMark National Bank & Trust Purchases 119 Shares of Costco Wholesale Co. (NASDAQ:COST)

FineMark National Bank & Trust grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,312 shares of the retailer’s stock after acquiring an additional 119 shares during the quarter. FineMark National Bank & Trust’s holdings in Costco Wholesale were worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter worth $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth $31,000. NewSquare Capital LLC increased its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $35,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 1.8 %

Shares of NASDAQ:COST opened at $926.04 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $410.87 billion, a PE ratio of 54.38, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The business’s fifty day simple moving average is $987.58 and its 200-day simple moving average is $945.73.

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

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COST shares. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, March 3rd. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

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.