Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 123.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,010 shares of the retailer’s stock after buying an additional 1,112 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Costco Wholesale were worth $1,782,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. raised its position in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale in the second quarter valued at approximately $48,000. Ruedi Wealth Management Inc. boosted its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $50,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.0 %

Shares of NASDAQ:COST opened at $890.96 on Tuesday. Costco Wholesale Co. has a 52-week low of $543.64 and a 52-week high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $892.14 and a two-hundred day moving average of $841.35. The stock has a market cap of $394.76 billion, a P/E ratio of 53.77, a PEG ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 earnings per share. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. Morgan Stanley boosted their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets reissued an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Evercore ISI upped their price target on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Barclays raised their price objective on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $894.57.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,636 shares of company stock worth $11,238,510. Insiders own 0.18% of the company’s stock.

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.