Trust Co. of Toledo NA OH boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,582 shares of the retailer’s stock after purchasing an additional 310 shares during the quarter. Costco Wholesale comprises 1.0% of Trust Co. of Toledo NA OH’s holdings, making the stock its 21st biggest position. Trust Co. of Toledo NA OH’s holdings in Costco Wholesale were worth $7,863,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth $29,000. Fairway Wealth LLC boosted its position in shares of Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC acquired a new position in Costco Wholesale in the third quarter valued at about $71,000. Institutional investors own 68.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Loop Capital lifted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.
Costco Wholesale Price Performance
Shares of COST traded down $9.59 during mid-day trading on Monday, reaching $927.35. The company had a trading volume of 454,957 shares, compared to its average volume of 1,736,214. The company’s 50 day simple moving average is $947.92 and its 200 day simple moving average is $899.20. The company has a market capitalization of $411.65 billion, a price-to-earnings ratio of 54.45, a P/E/G ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.
Costco Wholesale Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.
Insider Activity
In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
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.
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