Sagace Wealth Management LLC Sells 40 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sagace Wealth Management LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 479 shares of the retailer’s stock after selling 40 shares during the quarter. Sagace Wealth Management LLC’s holdings in Costco Wholesale were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the last quarter. VitalStone Financial LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $71,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Costco Wholesale by 20.8% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of several recent analyst reports. Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Melius Research began coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insiders Place Their Bets

In other Costco Wholesale 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 transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

Shares of COST opened at $919.75 on Friday. The stock has a 50-day moving average of $949.72 and a two-hundred day moving average of $900.36. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $408.28 billion, a P/E ratio of 54.01, a P/E/G ratio of 5.60 and a beta of 0.84.

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.