Texas Capital Bank Wealth Management Services Inc Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Texas Capital Bank Wealth Management Services Inc trimmed its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,213 shares of the retailer’s stock after selling 1,118 shares during the quarter. Costco Wholesale comprises approximately 1.0% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 23rd largest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Costco Wholesale were worth $8,722,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of COST. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $25,000. Morton Brown Family Wealth LLC raised its position in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after buying an additional 30 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $49,000. Finally, Aspire Private Capital LLC raised its position in shares of Costco Wholesale by 122.0% during the 3rd quarter. Aspire Private Capital LLC now owns 91 shares of the retailer’s stock valued at $52,000 after buying an additional 50 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 price target on shares of Costco Wholesale in a research report on Monday, May 6th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Company boosted their target price on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Loop Capital cut their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Citigroup boosted their target price on Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $695.08.

Check Out Our Latest Analysis on Costco Wholesale

Insider Activity

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST traded up $2.74 during trading hours on Friday, hitting $795.81. The company had a trading volume of 1,309,108 shares, compared to its average volume of 1,665,366. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $804.56. The company has a market cap of $352.94 billion, a PE ratio of 52.05, a price-to-earnings-growth ratio of 5.28 and a beta of 0.77. The business has a 50 day moving average of $735.49 and a 200-day moving average of $687.13.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is currently 30.35%.

Costco Wholesale 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.

See Also

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

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