Adirondack Trust Co. Sells 18 Shares of Costco Wholesale Co. (NASDAQ:COST)

Adirondack Trust Co. cut its position in Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,597 shares of the retailer’s stock after selling 18 shares during the period. Adirondack Trust Co.’s holdings in Costco Wholesale were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the first quarter valued at approximately $32,000. Vima LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $34,000. Financial Connections Group Inc. raised its position in Costco Wholesale by 557.1% during the second 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 Costco Wholesale during the 2nd quarter valued at $48,000. Finally, Ruedi Wealth Management Inc. raised its stake 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 valued at $50,000 after acquiring an additional 25 shares during the period. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. Tigress Financial lifted their target price on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note 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. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $883.04.

Insider Activity at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Costco Wholesale news, 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 value of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,174 shares of company stock valued at $7,097,624. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 2.1 %

COST opened at $909.10 on Thursday. The company has a market cap of $403.04 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a 50-day moving average price of $878.18 and a 200 day moving average price of $824.51. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. 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 previous year, the company posted $4.86 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

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.