Bank of New Hampshire Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Bank of New Hampshire cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,324 shares of the retailer’s stock after selling 163 shares during the period. Costco Wholesale accounts for approximately 1.4% of Bank of New Hampshire’s portfolio, making the stock its 17th largest position. Bank of New Hampshire’s holdings in Costco Wholesale were worth $5,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Personal CFO Solutions LLC lifted its holdings in shares of Costco Wholesale by 49.2% during the fourth quarter. Personal CFO Solutions LLC now owns 1,476 shares of the retailer’s stock valued at $974,000 after purchasing an additional 487 shares during the last quarter. Intrepid Capital Management Inc. lifted its holdings in shares of Costco Wholesale by 16.3% during the fourth quarter. Intrepid Capital Management Inc. now owns 207 shares of the retailer’s stock valued at $137,000 after purchasing an additional 29 shares during the last quarter. Logan Capital Management Inc. increased its position in shares of Costco Wholesale by 12.1% during the fourth quarter. Logan Capital Management Inc. now owns 3,008 shares of the retailer’s stock valued at $1,986,000 after acquiring an additional 324 shares in the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of Costco Wholesale by 4.2% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 38,654 shares of the retailer’s stock valued at $25,515,000 after acquiring an additional 1,564 shares in the last quarter. Finally, XML Financial LLC increased its position in shares of Costco Wholesale by 0.8% during the fourth quarter. XML Financial LLC now owns 5,055 shares of the retailer’s stock valued at $3,337,000 after acquiring an additional 39 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,174 shares of company stock worth $7,097,624 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST traded down $9.52 during trading hours on Monday, reaching $873.59. 1,961,105 shares of the stock traded hands, compared to its average volume of 1,961,017. 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 52-week low of $540.23 and a 52-week high of $923.83. The company’s 50-day moving average price is $875.41 and its two-hundred day moving average price is $822.49. The company has a market cap of $387.29 billion, a P/E ratio of 54.20, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate 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 net margin of 2.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.86 EPS. On average, analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Loop Capital raised their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Melius Research assumed coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Evercore ISI lifted their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $883.04.

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.