Costco Wholesale Corporation $COST Stock Holdings Boosted by Emprise Bank

by · The Cerbat Gem

Emprise Bank lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,577 shares of the retailer’s stock after acquiring an additional 56 shares during the period. Costco Wholesale accounts for 1.2% of Emprise Bank’s portfolio, making the stock its 17th biggest holding. Emprise Bank’s holdings in Costco Wholesale were worth $2,551,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale in the 4th quarter valued at about $25,000. Bulwark Capital Corp purchased a new stake in Costco Wholesale during the second quarter valued at about $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after buying an additional 36 shares in the last quarter. eCIO Inc. purchased a new stake in Costco Wholesale during the first quarter valued at about $48,000. Finally, Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.8%

Shares of COST stock opened at $960.10 on Tuesday. The stock has a market cap of $425.79 billion, a P/E ratio of 54.46, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97. The stock has a fifty day moving average price of $959.76 and a 200 day moving average price of $973.69. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Loop Capital cut their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Truist Financial increased their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Finally, Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research note on Thursday, May 29th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.67.

Get Our Latest Research Report on Costco Wholesale

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 over the last ninety days. 0.18% of the stock is owned by insiders.

About Costco Wholesale

(Free Report)

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.

See Also

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