First National Bank of Hutchinson Acquires 610 Shares of Costco Wholesale Co. (COST)

Share on StockTwits

First National Bank of Hutchinson raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 42.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,038 shares of the retailer’s stock after purchasing an additional 610 shares during the quarter. First National Bank of Hutchinson’s holdings in Costco Wholesale were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Lenox Wealth Management Inc. boosted its holdings in Costco Wholesale by 125.9% during the 4th quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Csenge Advisory Group purchased a new position in Costco Wholesale during the 3rd quarter worth $29,000. Evolution Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth $41,000. Mackey Komara & Dankovich LLC purchased a new position in Costco Wholesale during the 4th quarter worth $41,000. Finally, Legacy Financial Advisors Inc. boosted its holdings in Costco Wholesale by 87.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 368 shares of the retailer’s stock worth $75,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 78.27% of the company’s stock.

A number of research firms have issued reports on COST. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Thursday, January 24th. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. TheStreet downgraded shares of Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Wells Fargo & Co reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, January 11th. Finally, Barclays reissued a “hold” rating and issued a $225.00 price target on shares of Costco Wholesale in a report on Wednesday, January 9th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $242.15.

In other Costco Wholesale news, Director Susan L. Decker sold 739 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total transaction of $151,495.00. Following the sale, the director now directly owns 52,249 shares of the company’s stock, valued at $10,711,045. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the company’s stock in a transaction dated Friday, January 4th. The shares were sold at an average price of $206.15, for a total transaction of $332,107.65. Following the sale, the director now directly owns 51,389 shares in the company, valued at $10,593,842.35. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

NASDAQ COST opened at $207.75 on Monday. The stock has a market cap of $91.51 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. Costco Wholesale Co. has a 52 week low of $175.79 and a 52 week high of $245.16. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). The business had revenue of $34.31 billion for the quarter, compared to analysts’ expectations of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. Costco Wholesale’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. On average, analysts anticipate that Costco Wholesale Co. will post 7.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 33.38%.

TRADEMARK VIOLATION NOTICE: This report was reported by Week Herald and is owned by of Week Herald. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://weekherald.com/2019/02/11/first-national-bank-of-hutchinson-acquires-610-shares-of-costco-wholesale-co-cost.html.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

See Also: The benefits and drawbacks of dollar cost averaging

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply