Tompkins Financial Corp Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Tompkins Financial Corp decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,016 shares of the retailer’s stock after selling 407 shares during the period. Costco Wholesale accounts for about 1.2% of Tompkins Financial Corp’s investment portfolio, making the stock its 25th largest position. Tompkins Financial Corp’s holdings in Costco Wholesale were worth $7,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale in the 4th quarter worth approximately $26,000. Agur Provident & Training Funds Management Ltd. purchased a new stake in Costco Wholesale in the 1st quarter worth $42,000. 25 LLC purchased a new stake in Costco Wholesale in the 1st quarter worth $44,000. Piscataqua Savings Bank lifted its stake in Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after purchasing an additional 22 shares in the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new stake in Costco Wholesale in the 1st quarter worth $47,000. Institutional investors own 66.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Costco Wholesale in a research note on Thursday, August 31st. UBS Group lifted their price objective on shares of Costco Wholesale from $560.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. VNET Group reissued a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Finally, StockNews.com began coverage on Costco Wholesale in a research note on Wednesday, August 23rd. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $566.63.

Costco Wholesale Trading Down 0.4 %

NASDAQ:COST traded down $2.46 during midday trading on Tuesday, hitting $560.26. The stock had a trading volume of 210,361 shares, compared to its average volume of 1,783,766. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $571.16. The stock has a 50-day moving average of $551.21 and a 200 day moving average of $519.89. The company has a market capitalization of $248.25 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 4.11 and a beta of 0.79. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

Insider Buying and Selling

In related news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total value of $834,145.00. Following the completion of the sale, the director now directly owns 13,329 shares of the company’s stock, valued at $7,104,357. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by 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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.