Citizens Business Bank Has $552,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Citizens Business Bank decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623 shares of the retailer’s stock after selling 50 shares during the quarter. Citizens Business Bank’s holdings in Costco Wholesale were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Keudell Morrison Wealth Management increased its holdings in Costco Wholesale by 2.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 2,236 shares of the retailer’s stock worth $1,901,000 after purchasing an additional 48 shares in the last quarter. Lockerman Financial Group Inc. increased its stake in shares of Costco Wholesale by 25.0% during the second quarter. Lockerman Financial Group Inc. now owns 500 shares of the retailer’s stock worth $425,000 after purchasing an additional 100 shares during the period. Valued Wealth Advisors LLC lifted its holdings in shares of Costco Wholesale by 21.1% during the second quarter. Valued Wealth Advisors LLC now owns 201 shares of the retailer’s stock worth $171,000 after buying an additional 35 shares in the last quarter. Leavell Investment Management Inc. raised its stake in Costco Wholesale by 4.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 2,138 shares of the retailer’s stock worth $1,817,000 after purchasing an additional 88 shares in the last quarter. Finally, James J. Burns & Company LLC bought a new stake in shares of Costco Wholesale in the second quarter valued at approximately $471,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 27.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.6 %

NASDAQ:COST opened at $993.40 on Wednesday. The firm has a fifty day simple moving average of $917.82 and a two-hundred day simple moving average of $880.63. Costco Wholesale Co. has a 12 month low of $618.76 and a 12 month high of $997.71. The stock has a market capitalization of $440.15 billion, a price-to-earnings ratio of 59.95, a PEG ratio of 6.05 and a beta of 0.82. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.86 EPS. Analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Analyst Ratings Changes

COST has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley upped their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Roth Mkm raised their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Finally, Barclays lifted their price target on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $931.89.

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.