Trust Co. of Vermont Has $46.84 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Trust Co. of Vermont lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,124 shares of the retailer’s stock after selling 385 shares during the period. Costco Wholesale makes up 2.3% of Trust Co. of Vermont’s portfolio, making the stock its 7th biggest position. Trust Co. of Vermont’s holdings in Costco Wholesale were worth $46,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $58,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Costco Wholesale by 329.4% in the 3rd 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 period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST opened at $943.19 on Friday. The company’s 50-day moving average is $949.82 and its 200-day moving average is $901.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on COST. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.