Legacy Private Trust Co. Sells 179 Shares of Costco Wholesale Co. (NASDAQ:COST)

Legacy Private Trust Co. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,451 shares of the retailer’s stock after selling 179 shares during the period. Legacy Private Trust Co.’s holdings in Costco Wholesale were worth $7,743,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $29,000. Fairway Wealth LLC increased its holdings in shares of Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the third quarter worth $58,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $71,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,816 shares of company stock worth $6,981,347. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Raymond James lifted 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. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 0.7 %

Shares of COST stock traded up $6.00 during trading hours on Wednesday, reaching $927.37. 1,673,513 shares of the stock were exchanged, compared to its average volume of 1,769,872. Costco Wholesale Co. has a 12-month low of $658.26 and a 12-month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $411.66 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company’s 50-day moving average price is $944.70 and its 200-day moving average price is $897.58.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s payout ratio is 27.25%.

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.