Oakworth Capital Inc. Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Oakworth Capital Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,938 shares of the retailer’s stock after buying an additional 99 shares during the quarter. Oakworth Capital Inc.’s holdings in Costco Wholesale were worth $1,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fermata Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the last quarter. Oak Asset Management LLC increased its position in shares of Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after acquiring an additional 12 shares during the period. Peddock Capital Advisors LLC increased its position in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after acquiring an additional 12 shares during the period. Perkins Coie Trust Co increased its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after acquiring an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC increased its position in shares of Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock worth $9,974,973 in the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.1 %

COST opened at $886.10 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company’s 50 day simple moving average is $889.73 and its two-hundred day simple moving average is $835.23. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The firm has a market capitalization of $392.84 billion, a price-to-earnings ratio of 54.83, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping 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 business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period last year, the company posted $4.86 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Mkm upped their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Melius Research assumed coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Oppenheimer increased their price target on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $894.57.

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.