Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Norway Savings Bank

Norway Savings Bank grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,773 shares of the retailer’s stock after purchasing an additional 93 shares during the period. Norway Savings Bank’s holdings in Costco Wholesale were worth $797,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Eqis Capital Management Inc. grew its position in shares of Costco Wholesale by 1.5% during the second quarter. Eqis Capital Management Inc. now owns 5,047 shares of the retailer’s stock worth $1,997,000 after acquiring an additional 73 shares during the last quarter. Invesco Ltd. grew its position in shares of Costco Wholesale by 7.1% during the second quarter. Invesco Ltd. now owns 1,467,320 shares of the retailer’s stock worth $580,575,000 after acquiring an additional 97,511 shares during the last quarter. Employees Retirement System of Texas grew its position in shares of Costco Wholesale by 30.8% during the second quarter. Employees Retirement System of Texas now owns 80,700 shares of the retailer’s stock worth $31,931,000 after acquiring an additional 19,000 shares during the last quarter. Bragg Financial Advisors Inc grew its position in shares of Costco Wholesale by 1.4% during the second quarter. Bragg Financial Advisors Inc now owns 21,323 shares of the retailer’s stock worth $8,437,000 after acquiring an additional 285 shares during the last quarter. Finally, Rossmore Private Capital grew its position in shares of Costco Wholesale by 3.9% during the second quarter. Rossmore Private Capital now owns 6,330 shares of the retailer’s stock worth $2,505,000 after acquiring an additional 240 shares during the last quarter. 66.87% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on COST shares. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $525.00 to $575.00 in a research report on Thursday, November 11th. Citigroup increased their target price on shares of Costco Wholesale from $495.00 to $505.00 and gave the company a “neutral” rating in a research report on Thursday, November 4th. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 1st. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 target price for the company in a research report on Monday, September 6th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $496.23.

NASDAQ COST opened at $549.73 on Thursday. The company has a 50 day simple moving average of $481.58 and a 200-day simple moving average of $438.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.52. The firm has a market capitalization of $242.88 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 5.08 and a beta of 0.65. Costco Wholesale Co. has a 52-week low of $307.00 and a 52-week high of $550.83.

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

The business also recently declared a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Friday, October 29th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 28th. Costco Wholesale’s dividend payout ratio (DPR) is 28.04%.

About Costco Wholesale

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.

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

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