First National Bank of Mount Dora Trust Investment Services Cuts Stake in Costco Wholesale Co. (NASDAQ:COST)

First National Bank of Mount Dora Trust Investment Services lessened its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,042 shares of the retailer's stock after selling 705 shares during the quarter. Costco Wholesale makes up about 2.4% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 8th largest position. First National Bank of Mount Dora Trust Investment Services' holdings in Costco Wholesale were worth $10,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after acquiring an additional 162,191 shares during the period. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Legal & General Group Plc grew its position in Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer's stock valued at $3,102,941,000 after buying an additional 88,550 shares during the period. Finally, Jennison Associates LLC increased its holdings in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after buying an additional 125,444 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the 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 transaction, the executive vice president now owns 27,400 shares of the company's stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Finally, Evercore ISI upped their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,013.59.

Costco Wholesale Price Performance

COST traded up $23.44 during trading on Friday, reaching $943.19. The stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business has a 50-day moving average of $949.82 and a 200-day moving average of $901.17. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The stock has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84.

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.