New Hampshire Trust Has $5.55 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

New Hampshire Trust boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,061 shares of the retailer’s stock after purchasing an additional 65 shares during the quarter. Costco Wholesale comprises approximately 1.2% of New Hampshire Trust’s investment portfolio, making the stock its 20th largest holding. New Hampshire Trust’s holdings in Costco Wholesale were worth $5,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the last quarter. Hudson Value Partners LLC grew its holdings in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Costco Wholesale during the 4th quarter valued at $8,430,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly 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 SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Up 0.5 %

COST opened at $947.73 on Wednesday. The firm has a market capitalization of $420.70 billion, a P/E ratio of 55.65, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a fifty day moving average price of $950.03 and a 200-day moving average price of $902.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI lifted their price target 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. Finally, Citigroup increased 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 report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.