Trustmark Bank Trust Department Buys 253 Shares of Costco Wholesale Corporation $COST

Trustmark Bank Trust Department raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,954 shares of the retailer’s stock after purchasing an additional 253 shares during the period. Trustmark Bank Trust Department’s holdings in Costco Wholesale were worth $5,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of COST. Norges Bank purchased a new stake in Costco Wholesale during the 2nd quarter valued at $5,692,035,000. Nuveen LLC purchased a new position in Costco Wholesale during the first quarter worth $3,461,159,000. Kingstone Capital Partners Texas LLC increased its position in Costco Wholesale by 418,980.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after acquiring an additional 2,358,859 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Costco Wholesale by 96,316.6% in the second quarter. Laurel Wealth Advisors LLC now owns 1,378,758 shares of the retailer’s stock valued at $1,364,888,000 after acquiring an additional 1,377,328 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 43,356,271 shares of the retailer’s stock worth $42,920,107,000 after acquiring an additional 711,560 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $912.90 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company has a market capitalization of $404.58 billion, a PE ratio of 50.13, a P/E/G ratio of 5.54 and a beta of 0.98. The company has a 50 day moving average price of $922.57 and a 200-day moving average price of $959.11. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $5.15 EPS. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Wolfe Research started coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. The Goldman Sachs Group upped their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Citigroup reduced their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Truist Financial dropped their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Eighteen investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,025.07.

Insider Transactions at Costco Wholesale

In related news, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares of the company’s stock, valued at $4,817,966.10. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 2,700 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the transaction, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. This trade represents a 28.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,720 shares of company stock valued at $9,010,257. 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.