Keybank National Association OH Has $317.50 Million Holdings in Costco Wholesale Corporation (NASDAQ:COST)

Keybank National Association OH trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 335,696 shares of the retailer's stock after selling 4,321 shares during the quarter. Costco Wholesale accounts for 1.3% of Keybank National Association OH's holdings, making the stock its 15th biggest position. Keybank National Association OH owned approximately 0.08% of Costco Wholesale worth $317,495,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Miramar Capital LLC boosted its position in Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its position in shares of Costco Wholesale by 22.2% in the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after purchasing an additional 10 shares in the last quarter. Peninsula Wealth LLC boosted its holdings in Costco Wholesale by 1.2% during the fourth quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after purchasing an additional 10 shares during the last quarter. Bosun Asset Management LLC grew its position in Costco Wholesale by 1.6% in the fourth quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock valued at $583,000 after purchasing an additional 10 shares in the last quarter. Finally, Lifeworks Advisors LLC grew its position in Costco Wholesale by 1.2% in the fourth quarter. Lifeworks Advisors LLC now owns 895 shares of the retailer's stock valued at $820,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COST shares. Barclays increased their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research note on Thursday, May 29th. Finally, Truist Financial upped their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,034.79.

Costco Wholesale Stock Performance

NASDAQ:COST traded up $3.91 during mid-day trading on Friday, reaching $986.27. 1,101,351 shares of the company's stock were exchanged, compared to its average volume of 2,076,297. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business's fifty day simple moving average is $1,005.02 and its two-hundred day simple moving average is $981.05. The firm has a market capitalization of $437.39 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 6.11 and a beta of 0.97.

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

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. Costco Wholesale's payout ratio is currently 29.50%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the transaction, the executive vice president directly owned 8,210 shares of the company's stock, valued at $8,326,171.50. This trade represents a 19.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the transaction, the executive vice president owned 43,994 shares of the company's stock, valued at $43,161,193.58. The trade was a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is owned by insiders.

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.