Tompkins Financial Corp Has $13.61 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tompkins Financial Corp lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,856 shares of the retailer’s stock after acquiring an additional 378 shares during the quarter. Costco Wholesale makes up 1.3% of Tompkins Financial Corp’s holdings, making the stock its 21st biggest holding. Tompkins Financial Corp’s holdings in Costco Wholesale were worth $13,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at $4,202,000. Beck Bode LLC lifted its holdings in Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after buying an additional 260 shares during the period. ProVise Management Group LLC bought a new stake in Costco Wholesale during the second quarter valued at $250,000. Brighton Jones LLC grew its holdings in Costco Wholesale by 1.9% during the 2nd quarter. Brighton Jones LLC now owns 18,950 shares of the retailer’s stock worth $16,107,000 after acquiring an additional 346 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Costco Wholesale by 5.2% in the 2nd quarter. Ieq Capital LLC now owns 63,897 shares of the retailer’s stock worth $54,312,000 after acquiring an additional 3,179 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COST shares. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. UBS Group boosted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $943.19 on Friday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The firm has a 50-day moving average of $949.84 and a 200-day moving average of $900.50. 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 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.