Arthur M. Cohen & Associates LLC Has $15.01 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Arthur M. Cohen & Associates LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,384 shares of the retailer’s stock after selling 96 shares during the period. Costco Wholesale comprises 2.7% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 11th largest position. Arthur M. Cohen & Associates LLC’s holdings in Costco Wholesale were worth $15,012,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $4,202,000. Beck Bode LLC increased its holdings in shares of Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the last quarter. ProVise Management Group LLC bought a new position in shares of Costco Wholesale in the second quarter valued at about $250,000. ASB Consultores LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth about $292,000. Finally, AE Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 25.6% during the 2nd quarter. AE Wealth Management LLC now owns 22,102 shares of the retailer’s stock worth $18,786,000 after buying an additional 4,505 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST opened at $943.19 on Friday. The business’s fifty day moving average is $949.82 and its 200 day moving average is $901.17. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COST has been the subject of several research reports. Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale 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.