Sanibel Captiva Trust Company Inc. Has $43.77 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Sanibel Captiva Trust Company Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,774 shares of the retailer's stock after selling 386 shares during the period. Costco Wholesale makes up approximately 1.4% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its 18th largest holding. Sanibel Captiva Trust Company Inc.'s holdings in Costco Wholesale were worth $43,774,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen increased their target price 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. Roth Mkm raised their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. StockNews.com cut Costco Wholesale from a "buy" rating to a "hold" rating in a report on Friday, September 27th. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Finally, Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of "Moderate Buy" and an average price target of $1,013.59.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction 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 sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Up 2.5 %

NASDAQ COST traded up $23.44 during trading on Friday, hitting $943.19. 2,367,034 shares of the company traded hands, compared to its average volume of 1,832,091. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. 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 business has a fifty day simple moving average of $949.82 and a 200 day simple moving average of $901.47. The company 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.

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.