NBT Bank N A NY Has $14.58 Million Holdings in Costco Wholesale Corporation (NASDAQ:COST)

NBT Bank N A NY lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,412 shares of the retailer's stock after selling 1,297 shares during the quarter. Costco Wholesale comprises approximately 1.1% of NBT Bank N A NY's holdings, making the stock its 22nd largest position. NBT Bank N A NY's holdings in Costco Wholesale were worth $14,576,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COST. Capital & Planning LLC lifted its position in shares of Costco Wholesale by 28.7% during the 4th quarter. Capital & Planning LLC now owns 3,756 shares of the retailer's stock worth $3,441,000 after purchasing an additional 837 shares during the last quarter. Redmond Asset Management LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $1,214,000. May Barnhard Investments LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $485,000. Ironwood Wealth Management LLC. raised its holdings in Costco Wholesale by 0.6% in the 4th quarter. Ironwood Wealth Management LLC. now owns 3,852 shares of the retailer's stock valued at $3,529,000 after acquiring an additional 22 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Gary Millerchip sold 1,100 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president now owns 8,210 shares in the company, valued at $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,000 shares of company stock worth $10,825,205. Insiders own 0.18% of the company's stock.

Costco Wholesale Trading Down 0.3%

COST traded down $2.82 during mid-day trading on Wednesday, reaching $974.90. The stock had a trading volume of 1,506,193 shares, compared to its average volume of 2,065,456. The stock has a market capitalization of $432.35 billion, a P/E ratio of 55.30, a P/E/G ratio of 5.77 and a beta of 1.00. 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 firm's fifty day simple moving average is $1,002.19 and its two-hundred day simple moving average is $981.16. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24.

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. The firm had revenue of $63.21 billion for the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.78 EPS. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.53%. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Analyst Upgrades and Downgrades

Several research firms have commented on COST. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Costco Wholesale in a report on Friday, March 7th. Mizuho began coverage on Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Tuesday, June 3rd. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Loop Capital lowered their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,034.79.

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.