Trust Co. of Toledo NA OH Purchases 344 Shares of Costco Wholesale Co. (NASDAQ:COST)

Trust Co. of Toledo NA OH lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,272 shares of the retailer’s stock after buying an additional 344 shares during the period. Costco Wholesale comprises 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 26th largest holding. Trust Co. of Toledo NA OH’s holdings in Costco Wholesale were worth $7,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frank Rimerman Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at about $32,000. Vima LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $34,000. Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. Finally, Bank & Trust Co purchased a new position in shares of Costco Wholesale during the second quarter valued at approximately $48,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $878.53 on Thursday. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The firm has a market capitalization of $389.48 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80. The company has a fifty day simple moving average of $872.91 and a two-hundred day simple moving average of $819.85. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter last year, the firm earned $4.86 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on COST shares. Deutsche Bank Aktiengesellschaft raised their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Evercore ISI boosted their price target on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Melius Research began coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective on the stock. DA Davidson boosted their target price on shares of Costco Wholesale from $780.00 to $880.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $883.04.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s 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 sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’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 value of $298,035.50. Following the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,174 shares of company stock worth $7,097,624. Company insiders own 0.18% of the company’s stock.

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.