Texas Capital Bancshares Inc TX Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Texas Capital Bancshares Inc TX reduced its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,567 shares of the retailer’s stock after selling 136 shares during the period. Costco Wholesale makes up approximately 0.6% of Texas Capital Bancshares Inc TX’s portfolio, making the stock its 22nd biggest position. Texas Capital Bancshares Inc TX’s holdings in Costco Wholesale were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. WT Wealth Management boosted its holdings in Costco Wholesale by 58.3% during the 4th quarter. WT Wealth Management now owns 4,644 shares of the retailer’s stock valued at $3,111,000 after acquiring an additional 1,710 shares during the period. New Century Financial Group LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $247,000. Great Lakes Advisors LLC increased its holdings in Costco Wholesale by 7.7% during the 4th quarter. Great Lakes Advisors LLC now owns 33,978 shares of the retailer’s stock worth $22,428,000 after purchasing an additional 2,424 shares during the period. First National Advisers LLC raised its position in Costco Wholesale by 44.5% in the 4th quarter. First National Advisers LLC now owns 6,853 shares of the retailer’s stock valued at $4,523,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC raised its position in Costco Wholesale by 21.0% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 5,930 shares of the retailer’s stock valued at $4,057,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts recently weighed in on COST shares. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research report on Wednesday, April 3rd. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday. Loop Capital decreased their price target on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Roth Mkm upped their price objective on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $695.08.

Check Out Our Latest Stock Report on Costco Wholesale

Costco Wholesale Stock Performance

COST traded up $2.74 during trading on Friday, hitting $795.81. The stock had a trading volume of 1,309,108 shares, compared to its average volume of 1,665,366. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $804.56. The firm has a market capitalization of $352.94 billion, a P/E ratio of 52.05, a PEG ratio of 5.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The company’s 50-day moving average price is $735.49 and its 200 day moving average price is $687.13.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the prior year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

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

About Costco Wholesale

(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.

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

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