New Hampshire Trust Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

New Hampshire Trust increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,061 shares of the retailer’s stock after purchasing an additional 65 shares during the quarter. Costco Wholesale accounts for 1.2% of New Hampshire Trust’s investment portfolio, making the stock its 20th biggest position. New Hampshire Trust’s holdings in Costco Wholesale were worth $5,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Koshinski Asset Management Inc. raised its position in Costco Wholesale by 0.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 6,623 shares of the retailer’s stock valued at $6,069,000 after purchasing an additional 36 shares during the last quarter. Wealthquest Corp grew its holdings in Costco Wholesale by 6.0% in the fourth quarter. Wealthquest Corp now owns 351 shares of the retailer’s stock worth $322,000 after purchasing an additional 20 shares during the period. Cove Private Wealth LLC raised its stake in Costco Wholesale by 69.1% during the fourth quarter. Cove Private Wealth LLC now owns 1,995 shares of the retailer’s stock valued at $1,828,000 after buying an additional 815 shares during the last quarter. Zhang Financial LLC boosted its stake in Costco Wholesale by 12.6% in the 4th quarter. Zhang Financial LLC now owns 1,527 shares of the retailer’s stock worth $1,399,000 after purchasing an additional 171 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Costco Wholesale by 7.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 15,668 shares of the retailer’s stock valued at $14,356,000 after buying an additional 1,084 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST opened at $947.73 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $420.70 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. The business’s fifty day simple moving average is $950.03 and its 200-day simple moving average is $902.31. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Analyst Ratings Changes

A number of brokerages have recently commented on COST. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. UBS Group lifted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Nine 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 presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents 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 available through this link. Corporate insiders own 0.18% of the company’s stock.

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.