Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lowered by Sanibel Captiva Trust Company Inc.

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

Several other hedge funds have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on COST. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Barclays increased their price objective 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. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Finally, BMO Capital Markets boosted their price objective 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. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 2.5 %

COST stock opened at $943.19 on Friday. 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 company has a 50-day moving average of $949.82 and a two-hundred day moving average of $901.17. The stock has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25.

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.