Keybank National Association OH Has $309.73 Million Holdings in Costco Wholesale Corporation $COST

Keybank National Association OH boosted its holdings in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 334,610 shares of the retailer’s stock after purchasing an additional 4,699 shares during the period. Costco Wholesale makes up 1.1% of Keybank National Association OH’s holdings, making the stock its 20th largest holding. Keybank National Association OH’s holdings in Costco Wholesale were worth $309,725,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COST. Peterson Wealth Services lifted its position in shares of Costco Wholesale by 0.5% during the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after acquiring an additional 72 shares during the period. Fishman Jay A Ltd. MI increased its position in Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Costco Wholesale by 49.3% in the 3rd quarter. Silver Oak Securities Incorporated now owns 3,780 shares of the retailer’s stock valued at $3,499,000 after acquiring an additional 1,248 shares during the last quarter. Permanent Capital Management LP bought a new position in Costco Wholesale in the third quarter valued at about $874,000. Finally, Wealthspire Advisors LLC boosted its position in Costco Wholesale by 2.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock worth $15,640,000 after buying an additional 312 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Javier Polit sold 2,049 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $867.21, for a total transaction of $1,776,913.29. Following the transaction, the executive vice president directly owned 10,748 shares of the company’s stock, valued at approximately $9,320,773.08. The trade was a 16.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 1,500 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $916.32, for a total value of $1,374,480.00. Following the completion of the transaction, the executive vice president directly owned 8,240 shares of the company’s stock, valued at $7,550,476.80. This represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,315 shares of company stock worth $8,549,409 in the last quarter. 0.10% of the stock is owned by company insiders.

Key Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

Costco Wholesale Stock Performance

Shares of COST stock opened at $940.25 on Friday. The stock has a market capitalization of $417.35 billion, a P/E ratio of 50.36, a PEG ratio of 5.70 and a beta of 1.02. The firm’s 50 day moving average is $906.50 and its 200 day moving average is $929.59. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,078.23. The company has a current ratio of 1.04, a quick ratio of 0.53 and a debt-to-equity ratio of 0.19.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The company had revenue of $67.31 billion during the quarter, compared to analysts’ expectations of $67.03 billion. During the same period in the previous year, the business earned $4.04 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, January 30th. Costco Wholesale’s payout ratio is presently 27.85%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COST. UBS Group reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, December 12th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Costco Wholesale in a research report on Monday, December 29th. Finally, Daiwa Capital Markets reduced their target price on shares of Costco Wholesale from $947.00 to $917.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $996.00.

Read Our Latest Stock Report on COST

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

Featured Stories

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

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