Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,595 shares of the retailer’s stock after selling 299 shares during the period. Costco Wholesale makes up about 2.4% of Mechanics Bank Trust Department’s holdings, making the stock its 6th biggest position. Mechanics Bank Trust Department’s holdings in Costco Wholesale were worth $17,954,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Diversify Advisory Services LLC grew its holdings in Costco Wholesale by 1.1% during the fourth quarter. Diversify Advisory Services LLC now owns 23,751 shares of the retailer’s stock worth $22,253,000 after acquiring an additional 268 shares during the period. Diversify Wealth Management LLC grew its stake in shares of Costco Wholesale by 27.7% during the 4th quarter. Diversify Wealth Management LLC now owns 10,007 shares of the retailer’s stock worth $9,376,000 after purchasing an additional 2,172 shares during the period. Terra Nova Asset Management LLC increased its holdings in shares of Costco Wholesale by 0.7% in the 4th quarter. Terra Nova Asset Management LLC now owns 3,376 shares of the retailer’s stock valued at $3,093,000 after purchasing an additional 25 shares in the last quarter. Smart Money Group LLC lifted its stake in shares of Costco Wholesale by 5.0% in the fourth quarter. Smart Money Group LLC now owns 876 shares of the retailer’s stock valued at $803,000 after purchasing an additional 42 shares during the period. Finally, Successful Portfolios LLC boosted its holdings in Costco Wholesale by 3.1% during the fourth quarter. Successful Portfolios LLC now owns 571 shares of the retailer’s stock worth $523,000 after buying an additional 17 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Evercore ISI lifted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, TD Cowen increased their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $943.19 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The stock’s 50-day moving average is $949.82 and its 200-day moving average is $901.74.

Costco Wholesale Company 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.