Oakworth Capital Inc. Has $1.72 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Oakworth Capital Inc. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,938 shares of the retailer’s stock after acquiring an additional 99 shares during the quarter. Oakworth Capital Inc.’s holdings in Costco Wholesale were worth $1,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the first quarter valued at approximately $32,000. Financial Connections Group Inc. lifted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the period. Bank & Trust Co acquired a new position in Costco Wholesale in the second quarter valued at approximately $48,000. Ruedi Wealth Management Inc. lifted its stake in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares during the period. Finally, Summit Securities Group LLC acquired a new position in Costco Wholesale in the second quarter valued at approximately $50,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 0.1 %

COST stock opened at $886.10 on Tuesday. The stock’s fifty day simple moving average is $889.73 and its two-hundred day simple moving average is $835.23. 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 Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The stock has a market cap of $392.84 billion, a P/E ratio of 54.83, a P/E/G ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.86 EPS. Analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COST shares. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Thursday, October 10th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $894.57.

Costco Wholesale Company 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.