Iowa State Bank Has $1.87 Million Position in Costco Wholesale Co. (NASDAQ:COST)

by · The Cerbat Gem

Iowa State Bank boosted its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,110 shares of the retailer’s stock after purchasing an additional 157 shares during the quarter. Iowa State Bank’s holdings in Costco Wholesale were worth $1,871,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Walker Financial Services Inc. boosted its holdings in Costco Wholesale by 8.9% during the 3rd quarter. Walker Financial Services Inc. now owns 306 shares of the retailer’s stock worth $271,000 after acquiring an additional 25 shares during the last quarter. Nvest Financial LLC boosted its holdings in Costco Wholesale by 9.2% during the 3rd quarter. Nvest Financial LLC now owns 2,527 shares of the retailer’s stock worth $2,240,000 after acquiring an additional 212 shares during the last quarter. Fermata Advisors LLC boosted its holdings in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares during the last quarter. JGP Wealth Management LLC boosted its holdings in Costco Wholesale by 1.7% during the 3rd quarter. JGP Wealth Management LLC now owns 3,772 shares of the retailer’s stock worth $3,344,000 after acquiring an additional 62 shares during the last quarter. Finally, Castle Rock Wealth Management LLC boosted its holdings in Costco Wholesale by 123.3% during the 3rd quarter. Castle Rock Wealth Management LLC now owns 3,704 shares of the retailer’s stock worth $3,257,000 after acquiring an additional 2,045 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ COST opened at $889.03 on Friday. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $394.14 billion, a price-to-earnings ratio of 55.08, a PEG ratio of 5.53 and a beta of 0.80. The business has a 50-day moving average of $882.80 and a 200-day moving average of $826.67.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the firm earned $4.86 earnings per share. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,674 shares of company stock valued at $5,831,324. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Oppenheimer lifted their target price on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Loop Capital lifted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Get Our Latest Research Report on COST

Costco Wholesale Company Profile

(Free Report)

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.

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