FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $13.06 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,250 shares of the retailer’s stock after selling 495 shares during the quarter. Costco Wholesale makes up approximately 3.2% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 6th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Costco Wholesale were worth $13,057,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COST. Geode Capital Management LLC increased its holdings in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Legal & General Group Plc boosted its stake in Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after acquiring an additional 88,550 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on COST. Melius Research assumed coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Stifel Nicolaus increased their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, DA Davidson increased their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.5 %

Costco Wholesale stock opened at $943.19 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50-day moving average is $949.82 and its 200-day moving average is $901.17. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

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.