Indiana Trust & Investment Management CO decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,077 shares of the retailer’s stock after selling 200 shares during the period. Costco Wholesale comprises 1.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 18th biggest position. Indiana Trust & Investment Management CO’s holdings in Costco Wholesale were worth $1,843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Windsor Group LTD boosted its holdings in Costco Wholesale by 1.6% during the second quarter. Windsor Group LTD now owns 2,161 shares of the retailer’s stock valued at $655,000 after acquiring an additional 33 shares during the period. Vigilant Capital Management LLC increased its holdings in shares of Costco Wholesale by 5.9% in the first quarter. Vigilant Capital Management LLC now owns 626 shares of the retailer’s stock valued at $178,000 after purchasing an additional 35 shares in the last quarter. Merriman Wealth Management LLC grew its holdings in Costco Wholesale by 0.7% during the 1st quarter. Merriman Wealth Management LLC now owns 5,545 shares of the retailer’s stock worth $1,581,000 after acquiring an additional 36 shares during the period. Center for Financial Planning Inc. grew its holdings in Costco Wholesale by 15.7% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the retailer’s stock worth $76,000 after acquiring an additional 36 shares during the period. Finally, Bangor Savings Bank boosted its position in shares of Costco Wholesale by 3.5% during the first quarter. Bangor Savings Bank now owns 1,130 shares of the retailer’s stock worth $322,000 after purchasing an additional 38 shares in the last quarter. 68.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on COST shares. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b-” rating in a research report on Monday, June 1st. Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a research report on Monday, June 29th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating in a research note on Tuesday, March 17th. Credit Suisse Group reissued a “hold” rating on shares of Costco Wholesale in a research report on Thursday, June 4th. Finally, Telsey Advisory Group restated a “buy” rating and set a $330.00 price objective on shares of Costco Wholesale in a report on Thursday, July 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and an average price target of $326.70.

In other news, Director Susan L. Decker sold 1,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $314.83, for a total transaction of $314,830.00. Following the completion of the sale, the director now directly owns 32,582 shares in the company, valued at $10,257,791.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the transaction, the vice president now directly owns 42,771 shares in the company, valued at $13,259,010. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,380 shares of company stock valued at $9,095,879. Corporate insiders own 0.22% of the company’s stock.

NASDAQ COST traded up $0.21 during trading on Tuesday, reaching $323.13. The company’s stock had a trading volume of 24,712 shares, compared to its average volume of 2,498,999. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $142.58 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 4.59 and a beta of 0.68. Costco Wholesale Co. has a 12 month low of $262.71 and a 12 month high of $329.11. The firm has a 50 day moving average price of $306.09 and a 200 day moving average price of $303.95.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.03). Costco Wholesale had a return on equity of 22.60% and a net margin of 2.31%. The firm had revenue of $36.45 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same period last year, the company posted $1.89 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Co. will post 8.46 EPS for the current fiscal year.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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