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

Sanibel Captiva Trust Company Inc. cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 48,160 shares of the retailer’s stock after selling 41 shares during the quarter. Costco Wholesale comprises 1.4% of Sanibel Captiva Trust Company Inc.’s holdings, making the stock its 18th biggest position. Sanibel Captiva Trust Company Inc.’s holdings in Costco Wholesale were worth $42,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Redmont Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the first quarter worth approximately $32,000. Vima LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $34,000. Financial Connections Group Inc. raised its stake in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co purchased a new stake in shares of Costco Wholesale in the second quarter valued at $48,000. Finally, Ruedi Wealth Management Inc. boosted its position in shares of Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after buying an additional 25 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on COST shares. The Goldman Sachs Group increased their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Roth Mkm increased their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Morgan Stanley boosted their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, DA Davidson increased their price objective on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $883.04.

Insider Activity

In related news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,174 shares of company stock valued at $7,097,624. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 2.1 %

COST opened at $909.10 on Thursday. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $878.18 and its two-hundred day moving average price is $824.51. The stock has a market cap of $403.04 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 5.34 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $4.86 earnings per share. As a group, equities analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

About Costco Wholesale

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.