Perkins Coie Trust Co Has $4.24 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Perkins Coie Trust Co decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,623 shares of the retailer’s stock after selling 52 shares during the period. Perkins Coie Trust Co’s holdings in Costco Wholesale were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Fermata Advisors LLC lifted its stake in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the last quarter. Sculati Wealth Management LLC lifted its position in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC increased its position in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 11 shares during the last quarter. Finally, Firethorn Wealth Partners LLC raised its stake in shares of Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on COST. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of COST stock opened at $943.19 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The business’s fifty day simple moving average is $949.82 and its 200-day simple moving average is $901.47.

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.