Legacy Private Trust Co. Has $7.48 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Legacy Private Trust Co. reduced its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,908 shares of the retailer's stock after selling 543 shares during the quarter. Legacy Private Trust Co.'s holdings in Costco Wholesale were worth $7,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $31,000. NewSquare Capital LLC grew its holdings in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Finally, Barrett & Company Inc. grew its holdings in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

COST traded up $16.67 during trading on Monday, reaching $1,056.85. The stock had a trading volume of 2,146,355 shares, compared to its average volume of 2,052,324. The firm has a market capitalization of $468.91 billion, a price-to-earnings ratio of 62.06, a price-to-earnings-growth ratio of 6.15 and a beta of 1.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $793.00 and a 1-year high of $1,078.24. The stock has a 50 day moving average of $986.39 and a two-hundred day moving average of $977.03.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data 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 32.31% and a net margin of 2.93%. The company had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio is 30.36%.

Insider Activity

In other news, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now owns 6,987 shares in the company, valued at approximately $6,445,926.72. This represents a 11.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares of the company's stock, valued at $43,161,193.58. This trade represents a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,600 shares of company stock worth $9,140,195. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

COST has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday. Robert W. Baird increased their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Evercore ISI increased their price objective on Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Truist Financial increased 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. Ten analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and a consensus price target of $1,035.32.

Costco Wholesale Company 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.