AMG National Trust Bank Purchases 369 Shares of Costco Wholesale Corporation (NASDAQ:COST)

AMG National Trust Bank grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,818 shares of the retailer's stock after buying an additional 369 shares during the period. AMG National Trust Bank's holdings in Costco Wholesale were worth $4,557,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Clear Investment Research LLC grew its position in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after buying an additional 10 shares in the last quarter. Peninsula Wealth LLC raised its stake in shares of Costco Wholesale by 1.2% in the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock valued at $749,000 after purchasing an additional 10 shares in the last quarter. Bosun Asset Management LLC boosted its stake in Costco Wholesale by 1.6% during the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock worth $583,000 after buying an additional 10 shares in the last quarter. NFP Retirement Inc. boosted its holdings in Costco Wholesale by 1.1% during the fourth quarter. NFP Retirement Inc. now owns 980 shares of the retailer's stock valued at $898,000 after purchasing an additional 11 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 3,437 shares of the retailer's stock worth $3,163,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ COST traded down $2.41 during midday trading on Monday, hitting $948.54. The company had a trading volume of 935,592 shares, compared to its average volume of 2,063,085. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The firm has a 50-day moving average price of $998.91 and a 200-day moving average price of $983.64. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $420.66 billion, a PE ratio of 53.80, a P/E/G ratio of 5.91 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. During the same period in the prior year, the company earned $3.78 EPS. Costco Wholesale's revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COST shares. Truist Financial boosted their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, July 10th. Loop Capital lowered their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Mizuho started coverage on Costco Wholesale in a research note on Friday, April 11th. They set a "neutral" rating and a $975.00 price objective for the company. Finally, Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,037.48.

Insider Transactions at Costco Wholesale

In related news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares of the company's stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,547 shares of company stock valued at $9,472,510 over the last ninety days. Company 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.