Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Bangor Savings Bank

Bangor Savings Bank grew its position in Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,103 shares of the retailer’s stock after acquiring an additional 32 shares during the period. Bangor Savings Bank’s holdings in Costco Wholesale were worth $1,011,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Roth Mkm raised their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,816 shares of company stock worth $6,981,347 over the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.7 %

NASDAQ:COST opened at $922.71 on Tuesday. Costco Wholesale Co. has a 52 week low of $654.03 and a 52 week high of $1,008.25. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $944.01 and its two-hundred day moving average is $897.06. The stock has a market capitalization of $409.59 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.