Trust Co. of Oklahoma Has $7.91 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Trust Co. of Oklahoma raised its position in Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,924 shares of the retailer’s stock after buying an additional 223 shares during the quarter. Costco Wholesale comprises about 2.6% of Trust Co. of Oklahoma’s portfolio, making the stock its 8th largest holding. Trust Co. of Oklahoma’s holdings in Costco Wholesale were worth $7,911,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Strong Tower Advisory Services lifted its position in shares of Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after buying an additional 2,620 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Costco Wholesale by 22.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after buying an additional 656 shares during the last quarter. Finally, Parcion Private Wealth LLC grew its holdings in shares of Costco Wholesale by 30.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after acquiring an additional 1,319 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, October 10th. Roth Mkm boosted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. TD Cowen increased their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Tigress Financial boosted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $886.74.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,824 shares of company stock valued at $4,260,493 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded up $2.74 during midday trading on Tuesday, hitting $892.50. 816,390 shares of the company traded hands, compared to its average volume of 1,948,113. The stock has a market cap of $395.68 billion, a price-to-earnings ratio of 55.54, a PEG ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm’s fifty day moving average price is $884.56 and its 200-day moving average price is $829.12. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the firm posted $4.86 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

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.