First PREMIER Bank Has $478,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

First PREMIER Bank grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 61.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 539 shares of the retailer’s stock after acquiring an additional 206 shares during the quarter. First PREMIER Bank’s holdings in Costco Wholesale were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the first quarter valued at approximately $32,000. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the period. Vima LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $34,000. Bank & Trust Co acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its holdings in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $893.54 on Wednesday. The company has a market cap of $396.14 billion, a PE ratio of 55.17, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. 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 stock has a 50-day moving average price of $878.18 and a 200-day moving average price of $824.51. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $4.86 EPS. As a group, equities analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Roth Mkm upped their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. The Goldman Sachs Group increased their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays increased their price target on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, Robert W. Baird increased their price target on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Ten investment 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 presently has an average rating of “Moderate Buy” and an average price target of $883.04.

Insider Activity at Costco Wholesale

In related news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale 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 transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. 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 at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at $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. In the last three months, insiders have sold 8,174 shares of company stock valued at $7,097,624. Corporate insiders own 0.18% 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, 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.