Costco Wholesale Co. (NASDAQ:COST) Holdings Boosted by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,911 shares of the retailer's stock after buying an additional 1,869 shares during the period. Costco Wholesale comprises approximately 3.0% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 5th biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in Costco Wholesale were worth $12,211,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Investment Management Corp VA ADV bought a new position in Costco Wholesale in the 4th quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $31,000. NewSquare Capital LLC lifted its stake in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares during the last quarter. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $35,000. Finally, Clear Investment Research LLC boosted its holdings in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock valued at $51,000 after buying an additional 10 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $1.09 during mid-day trading on Tuesday, hitting $1,007.27. The company had a trading volume of 2,251,265 shares, compared to its average volume of 2,057,474. The company has a market capitalization of $446.70 billion, a price-to-earnings ratio of 59.15, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 12-month low of $793.00 and a 12-month high of $1,078.24. The company's fifty day moving average is $994.50 and its 200-day moving average is $980.11. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a dividend of $1.30 per share. The ex-dividend date was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Morgan Stanley increased their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, 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 report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $1,035.32.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares in the company, valued at approximately $10,495,211.65. This trade represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $10,825,205 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

About Costco Wholesale

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.