Indiana Trust & Investment Management Co Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Indiana Trust & Investment Management Co raised its position in Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,728 shares of the retailer’s stock after buying an additional 316 shares during the period. Costco Wholesale comprises approximately 2.3% of Indiana Trust & Investment Management Co’s holdings, making the stock its 9th largest holding. Indiana Trust & Investment Management Co’s holdings in Costco Wholesale were worth $6,851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Strong Tower Advisory Services boosted its stake in Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after purchasing an additional 932 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after buying an additional 656 shares during the period. Finally, Parcion Private Wealth LLC boosted its holdings in Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after buying an additional 1,319 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

NASDAQ:COST opened at $887.38 on Thursday. The stock’s 50-day simple moving average is $887.65 and its 200 day simple moving average is $830.66. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a market cap of $393.41 billion, a P/E ratio of 54.98, a P/E/G ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the prior year, the business posted $4.86 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company lifted their target price on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus increased their price target on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $886.74.

Insiders Place Their Bets

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,224 shares of company stock valued at $9,974,973. 0.18% of the stock is currently owned by corporate 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.