Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Reduced by Trust Co. of Vermont

Trust Co. of Vermont reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,124 shares of the retailer's stock after selling 385 shares during the period. Costco Wholesale comprises approximately 2.3% of Trust Co. of Vermont's holdings, making the stock its 7th largest holding. Trust Co. of Vermont's holdings in Costco Wholesale were worth $46,843,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Costco Wholesale by 113,947.9% in the third 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 period. Assenagon Asset Management S.A. increased its holdings in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock worth $979,284,000 after acquiring an additional 382,367 shares during the period. Pathway Financial Advisers LLC boosted its stake in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. FMR LLC grew its position in Costco Wholesale by 3.6% in 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 last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Costco Wholesale by 56.8% in the second quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer's stock valued at $481,829,000 after purchasing an additional 205,237 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COST. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. 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 research report on Friday, December 13th. Finally, UBS Group boosted their price target 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. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,013.59.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST traded up $23.44 on Friday, hitting $943.19. 2,367,034 shares of the stock were exchanged, compared to its average volume of 1,832,091. The company's 50-day moving average price is $949.82 and its two-hundred day moving average price is $901.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The company has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a document filed 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.