First National Bank of South Miami cut its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the retailer’s stock after selling 60 shares during the period. Costco Wholesale accounts for 1.1% of First National Bank of South Miami’s portfolio, making the stock its 20th largest holding. First National Bank of South Miami’s holdings in Costco Wholesale were worth $1,427,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its stake in shares of Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after purchasing an additional 7,390,278 shares in the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $2,328,844,000. Morgan Stanley grew its position in shares of Costco Wholesale by 18.0% during the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after purchasing an additional 1,315,174 shares in the last quarter. CI Private Wealth LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $245,698,000. Finally, Bank of New York Mellon Corp grew its position in shares of Costco Wholesale by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 5,595,523 shares of the retailer’s stock worth $2,780,247,000 after purchasing an additional 535,776 shares in the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Price Performance
Costco Wholesale stock opened at $562.72 on Tuesday. The stock has a market cap of $249.34 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 4.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. Costco Wholesale Co. has a 1 year low of $447.90 and a 1 year high of $571.16. The firm has a 50-day moving average of $551.21 and a two-hundred day moving average of $519.89.
Costco Wholesale Dividend Announcement
Analyst Ratings Changes
COST has been the subject of several research analyst reports. Oppenheimer increased their target price on Costco Wholesale from $575.00 to $630.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 25th. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $575.00 target price on shares of Costco Wholesale in a research note on Thursday, August 31st. Robert W. Baird raised their target price on shares of Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. Finally, Wells Fargo & Company raised their target price on shares of Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $566.63.
Insider Transactions at Costco Wholesale
In other news, Director Susan L. Decker sold 1,565 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the transaction, the director now owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.22% 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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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