Indiana Trust & Investment Management Co Purchases 316 Shares of Costco Wholesale Co. (NASDAQ:COST)

Indiana Trust & Investment Management Co increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,728 shares of the retailer’s stock after purchasing an additional 316 shares during the quarter. Costco Wholesale comprises approximately 2.3% of Indiana Trust & Investment Management Co’s portfolio, making the stock its 9th biggest 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 institutional investors have also added to or reduced their stakes in COST. Fermata Advisors LLC raised its position in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Oak Asset Management LLC raised its holdings in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the last quarter. Peddock Capital Advisors LLC lifted its position in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares in the last quarter. Perkins Coie Trust Co boosted its holdings in Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares during the last quarter. Finally, Bedel Financial Consulting Inc. grew its position in Costco Wholesale by 1.3% in the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.8 %

COST opened at $887.38 on Thursday. The firm has a market capitalization of $393.41 billion, a P/E ratio of 54.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company has a fifty day moving average price of $887.65 and a 200-day moving average price of $830.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares in the company, valued at approximately $9,091,512.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,224 shares of company stock valued at $9,974,973 over the last 90 days. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on COST shares. Wells Fargo & Company boosted their target price on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research note on Tuesday, September 24th. Robert W. Baird lifted their target price on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. DA Davidson restated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Finally, Oppenheimer lifted their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $886.74.

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.