Costco Wholesale Co. (NASDAQ:COST) Holdings Lowered by KWB Wealth

KWB Wealth trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,741 shares of the retailer’s stock after selling 54 shares during the period. KWB Wealth’s holdings in Costco Wholesale were worth $1,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the third quarter worth approximately $58,000. Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new position in shares of Costco Wholesale in the third quarter worth approximately $71,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a fifty day simple moving average of $949.23 and a 200 day simple moving average of $900.20. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $407.16 billion, a P/E ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84.

Wall Street Analysts Forecast Growth

COST has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Wells Fargo & Company lifted their target price 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. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated 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 in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.