Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Glenview Trust co

Glenview Trust co lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.5% during the fourth quarter, HoldingsChannel reports. The firm owned 9,496 shares of the retailer’s stock after purchasing an additional 744 shares during the quarter. Glenview Trust co’s holdings in Costco Wholesale were worth $8,701,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale in the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new position in Costco Wholesale in the fourth quarter valued at about $8,430,000. GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $984,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on COST. Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, March 3rd. UBS Group boosted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $903.92 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. 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 cap of $401.25 billion, a PE ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The stock has a 50 day simple moving average of $989.80 and a 200-day simple moving average of $944.47.

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

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid 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 0.51%. Costco Wholesale’s payout ratio is 27.09%.

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.