Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 69,524 shares of the retailer’s stock after selling 414 shares during the quarter. Costco Wholesale accounts for 2.0% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 16th largest holding. Stock Yards Bank & Trust Co.’s holdings in Costco Wholesale were worth $31,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in COST. Ironwood Wealth Management LLC. lifted its holdings in shares of Costco Wholesale by 18.2% during the 1st quarter. Ironwood Wealth Management LLC. now owns 3,283 shares of the retailer’s stock worth $1,157,000 after acquiring an additional 506 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 15.6% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 919 shares of the retailer’s stock worth $324,000 after acquiring an additional 124 shares during the period. Gladstone Institutional Advisory LLC purchased a new position in shares of Costco Wholesale during the 1st quarter worth about $588,000. Childress Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 39.0% during the 1st quarter. Childress Capital Advisors LLC now owns 977 shares of the retailer’s stock worth $344,000 after acquiring an additional 274 shares during the period. Finally, Pendal Group Limited lifted its holdings in shares of Costco Wholesale by 230.8% during the 1st quarter. Pendal Group Limited now owns 3,645 shares of the retailer’s stock worth $1,284,000 after acquiring an additional 2,543 shares during the period. Institutional investors and hedge funds own 66.87% of the company’s stock.

Costco Wholesale stock traded up $4.47 during mid-day trading on Thursday, reaching $549.73. The company’s stock had a trading volume of 2,315,610 shares, compared to its average volume of 2,180,508. The firm has a market cap of $242.88 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 5.08 and a beta of 0.65. The business has a 50 day moving average price of $481.58 and a 200-day moving average price of $438.24. The company has a current ratio of 1.00, a quick ratio of 0.52 and a debt-to-equity ratio of 0.37. Costco Wholesale Co. has a twelve month low of $307.00 and a twelve month high of $550.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Wednesday, September 22nd. The retailer reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.33. The firm had revenue of $61.44 billion during the quarter, compared to the consensus estimate of $61.45 billion. Costco Wholesale had a net margin of 2.56% and a return on equity of 29.62%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.13 earnings per share. On average, equities analysts expect that Costco Wholesale Co. will post 12.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 28th. Costco Wholesale’s payout ratio is 28.04%.

Several research firms recently commented on COST. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 1st. Citigroup raised their price target on shares of Costco Wholesale from $495.00 to $505.00 and gave the company a “neutral” rating in a report on Thursday, November 4th. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price target on the stock in a report on Monday, September 6th. Evercore ISI raised their price target on shares of Costco Wholesale from $480.00 to $525.00 and gave the company an “outperform” rating in a report on Thursday, November 4th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $515.00 to $545.00 and gave the company a “buy” rating in a report on Monday, November 1st. Six investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $496.23.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations.

Featured Story: Why Invest in Dividend Kings

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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.