Columbia Trust Co 01012016 Has $1.26 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Columbia Trust Co 01012016 reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 10.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,797 shares of the retailer’s stock after selling 340 shares during the period. Columbia Trust Co 01012016’s holdings in Costco Wholesale were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amussen Hunsaker Associates LLC increased its stake in shares of Costco Wholesale by 2.0% in the 2nd quarter. Amussen Hunsaker Associates LLC now owns 1,198 shares of the retailer’s stock valued at $474,000 after buying an additional 23 shares during the period. Northern Capital Management Inc. boosted its position in shares of Costco Wholesale by 2.7% in the 3rd quarter. Northern Capital Management Inc. now owns 861 shares of the retailer’s stock worth $387,000 after purchasing an additional 23 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Costco Wholesale by 6.5% in the 2nd quarter. Lindbrook Capital LLC now owns 395 shares of the retailer’s stock worth $156,000 after purchasing an additional 24 shares during the last quarter. Claraphi Advisory Network LLC boosted its position in shares of Costco Wholesale by 3.0% in the 2nd quarter. Claraphi Advisory Network LLC now owns 831 shares of the retailer’s stock worth $329,000 after purchasing an additional 24 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its position in shares of Costco Wholesale by 1.2% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 2,089 shares of the retailer’s stock worth $938,000 after purchasing an additional 24 shares during the last quarter. 66.87% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Costco Wholesale from $468.00 to $472.00 and gave the stock a “hold” rating in a research report on Thursday, November 4th. Tigress Financial reiterated a “buy” rating and set a $520.00 target price on shares of Costco Wholesale in a report on Wednesday, September 29th. Wells Fargo & Company lifted their target price on Costco Wholesale from $500.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, November 4th. Cowen lifted their target price on Costco Wholesale from $440.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, October 7th. Finally, Jefferies Financial Group lifted their target price on Costco Wholesale from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $496.23.

Shares of NASDAQ COST opened at $549.73 on Thursday. The business’s 50 day moving average price is $481.58 and its two-hundred day moving average price is $438.24. The company has a market cap of $242.88 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 5.08 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. Costco Wholesale Co. has a twelve month low of $307.00 and a twelve month high of $550.83.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, September 22nd. The retailer reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.33. Costco Wholesale had a return on equity of 29.62% and a net margin of 2.56%. The firm had revenue of $61.44 billion for the quarter, compared to the consensus estimate of $61.45 billion. During the same quarter in the previous year, the business earned $3.13 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 12.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Friday, October 29th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, October 28th. Costco Wholesale’s dividend payout ratio is presently 28.04%.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations.

Further Reading: How to Use a Moving Average for TradingĀ 

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.