CoreFirst Bank & Trust Invests $591,000 in Costco Wholesale Co. (NASDAQ:COST)

CoreFirst Bank & Trust acquired a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 645 shares of the retailer's stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the 3rd quarter worth $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC raised its stake in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COST. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. BMO Capital Markets boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Oppenheimer reaffirmed an "outperform" rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Cowen restated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $1,029.00.

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Costco Wholesale Trading Up 1.0 %

COST traded up $9.12 during midday trading on Thursday, reaching $938.87. 639,611 shares of the company were exchanged, compared to its average volume of 1,819,390. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock's 50-day simple moving average is $987.96 and its 200 day simple moving average is $946.00. The stock has a market capitalization of $416.56 billion, a P/E ratio of 55.27, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is currently 27.09%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business'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 sale, the executive vice president now owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

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.