Tompkins Financial Corp Buys 378 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tompkins Financial Corp lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 14,856 shares of the retailer’s stock after buying an additional 378 shares during the quarter. Costco Wholesale accounts for 1.3% of Tompkins Financial Corp’s portfolio, making the stock its 21st biggest position. Tompkins Financial Corp’s holdings in Costco Wholesale were worth $13,612,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at $4,202,000. Beck Bode LLC raised its stake in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after acquiring an additional 260 shares during the period. ProVise Management Group LLC purchased a new stake in Costco Wholesale during the second quarter valued at about $250,000. Brighton Jones LLC boosted its position in Costco Wholesale by 1.9% during the second quarter. Brighton Jones LLC now owns 18,950 shares of the retailer’s stock worth $16,107,000 after purchasing an additional 346 shares during the period. Finally, Ieq Capital LLC boosted its position in Costco Wholesale by 5.2% during the second quarter. Ieq Capital LLC now owns 63,897 shares of the retailer’s stock worth $54,312,000 after purchasing an additional 3,179 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on COST shares. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred 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 directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

COST opened at $943.19 on Friday. The stock has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock has a 50-day moving average price of $949.84 and a 200-day moving average price of $900.50.

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.