Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Tompkins Financial Corp

Tompkins Financial Corp increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,856 shares of the retailer's stock after purchasing an additional 378 shares during the quarter. Costco Wholesale makes up 1.3% of Tompkins Financial Corp's portfolio, making the stock its 21st biggest holding. Tompkins Financial Corp's holdings in Costco Wholesale were worth $13,612,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in COST. Charles Schwab Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 1.2% during 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 purchasing an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in 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 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on COST. Melius Research began coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Barclays upped 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. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Trading Up 2.5 %

Shares of COST stock traded up $23.44 during trading hours on Friday, hitting $943.19. The company 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 current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company's fifty day moving average is $949.82 and its 200 day moving average is $901.17. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company's stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.