Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,582 shares of the retailer’s stock after buying an additional 310 shares during the period. Costco Wholesale comprises 1.0% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 21st largest position. Trust Co. of Toledo NA OH’s holdings in Costco Wholesale were worth $7,863,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Alliance LLC boosted its stake in shares of Costco Wholesale by 9.5% in the fourth quarter. Fiduciary Alliance LLC now owns 8,202 shares of the retailer’s stock valued at $7,515,000 after purchasing an additional 710 shares during the period. Winthrop Advisory Group LLC increased its position in shares of Costco Wholesale by 24.1% during the fourth quarter. Winthrop Advisory Group LLC now owns 1,128 shares of the retailer’s stock worth $1,034,000 after acquiring an additional 219 shares during the last quarter. Crescent Sterling Ltd. lifted its stake in shares of Costco Wholesale by 11.1% in the fourth quarter. Crescent Sterling Ltd. now owns 813 shares of the retailer’s stock worth $745,000 after acquiring an additional 81 shares in the last quarter. Matrix Trust Co grew its stake in Costco Wholesale by 1.1% during the 4th quarter. Matrix Trust Co now owns 2,491 shares of the retailer’s stock valued at $2,282,000 after purchasing an additional 28 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of Costco Wholesale by 4.5% in the 4th quarter. Aprio Wealth Management LLC now owns 1,593 shares of the retailer’s stock valued at $1,459,000 after purchasing an additional 68 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 1.0 %

Costco Wholesale stock traded down $9.59 during mid-day trading on Monday, hitting $927.35. 454,957 shares of the company’s stock were exchanged, compared to its average volume of 1,736,214. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The stock has a 50 day moving average of $947.92 and a two-hundred day moving average of $899.20. The stock has a market cap of $411.65 billion, a P/E ratio of 54.45, a P/E/G ratio of 6.02 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated 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 $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Jefferies Financial Group raised their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group increased their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays boosted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Citigroup raised their target price 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.