Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,348 shares of the retailer’s stock after buying an additional 107 shares during the period. Zions Bancorporation N.A.’s holdings in Costco Wholesale were worth $1,235,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FineMark National Bank & Trust boosted its position in Costco Wholesale by 1.9% during the 4th quarter. FineMark National Bank & Trust now owns 6,312 shares of the retailer’s stock worth $5,783,000 after purchasing an additional 119 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of Costco Wholesale by 4.1% during the fourth quarter. Ashton Thomas Securities LLC now owns 1,913 shares of the retailer’s stock worth $1,754,000 after purchasing an additional 75 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Costco Wholesale by 0.5% in the fourth quarter. TD Asset Management Inc. now owns 1,198,192 shares of the retailer’s stock worth $1,097,867,000 after buying an additional 6,121 shares during the period. EFG Asset Management North America Corp. raised its holdings in shares of Costco Wholesale by 9.1% during the 4th quarter. EFG Asset Management North America Corp. now owns 7,099 shares of the retailer’s stock valued at $6,506,000 after buying an additional 591 shares during the period. Finally, Modern Wealth Management LLC lifted its position in Costco Wholesale by 66.7% during the 4th quarter. Modern Wealth Management LLC now owns 7,440 shares of the retailer’s stock worth $6,817,000 after acquiring an additional 2,978 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

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

Analysts Set New Price Targets

Several analysts have issued reports on COST shares. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Roth Mkm boosted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Loop Capital lowered their target price on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Stock Performance

Shares of COST opened at $930.26 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm has a fifty day moving average of $987.84 and a 200-day moving average of $946.11. The company has a market cap of $412.74 billion, a price-to-earnings ratio of 54.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last posted its 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). The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, equities analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.