Trust Co. of Toledo NA OH Grows Stock Holdings in Costco Wholesale Corporation $COST

Trust Co. of Toledo NA OH raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,800 shares of the retailer’s stock after buying an additional 165 shares during the period. Costco Wholesale makes up about 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 20th biggest holding. Trust Co. of Toledo NA OH’s holdings in Costco Wholesale were worth $8,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COST. SLT Holdings LLC raised its stake in shares of Costco Wholesale by 30.0% in the second quarter. SLT Holdings LLC now owns 676 shares of the retailer’s stock valued at $669,000 after acquiring an additional 156 shares in the last quarter. Summit Place Financial Advisors LLC raised its stake in shares of Costco Wholesale by 7.9% in the second quarter. Summit Place Financial Advisors LLC now owns 2,575 shares of the retailer’s stock valued at $2,550,000 after acquiring an additional 188 shares in the last quarter. Aberdeen Group plc raised its stake in shares of Costco Wholesale by 1.0% in the second quarter. Aberdeen Group plc now owns 384,978 shares of the retailer’s stock valued at $378,297,000 after acquiring an additional 3,624 shares in the last quarter. Agate Pass Investment Management LLC raised its stake in shares of Costco Wholesale by 16.7% in the second quarter. Agate Pass Investment Management LLC now owns 2,931 shares of the retailer’s stock valued at $2,902,000 after acquiring an additional 419 shares in the last quarter. Finally, Zullo Investment Group Inc. raised its stake in shares of Costco Wholesale by 0.7% in the second quarter. Zullo Investment Group Inc. now owns 1,924 shares of the retailer’s stock valued at $1,905,000 after acquiring an additional 14 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 1.4%

Costco Wholesale stock opened at $930.01 on Friday. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock has a market cap of $412.16 billion, a PE ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. The stock’s fifty day moving average is $952.05 and its two-hundred day moving average is $971.77.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the firm earned $5.15 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Insider Transactions at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% 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. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock worth $7,588,685. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Wednesday, September 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Evercore ISI reduced their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Finally, Citigroup cut their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

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.