Mendota Financial Group LLC Sells 127 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mendota Financial Group LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 50.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 123 shares of the retailer’s stock after selling 127 shares during the period. Mendota Financial Group LLC’s holdings in Costco Wholesale were worth $113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Tuttle Capital Management LLC boosted its stake in shares of Costco Wholesale by 34.8% in the 4th quarter. Tuttle Capital Management LLC now owns 527 shares of the retailer’s stock worth $483,000 after buying an additional 136 shares during the last quarter. Waycross Investment Management Co lifted its holdings in Costco Wholesale by 73.8% during the fourth quarter. Waycross Investment Management Co now owns 970 shares of the retailer’s stock worth $889,000 after acquiring an additional 412 shares during the period. MRA Advisory Group boosted its position in Costco Wholesale by 43.6% in the fourth quarter. MRA Advisory Group now owns 438 shares of the retailer’s stock worth $401,000 after purchasing an additional 133 shares during the last quarter. Signal Advisors Wealth LLC grew its stake in Costco Wholesale by 8.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 1,141 shares of the retailer’s stock valued at $1,046,000 after purchasing an additional 89 shares during the period. Finally, Ayrshire Capital Management LLC increased its position in shares of Costco Wholesale by 0.7% during the 4th quarter. Ayrshire Capital Management LLC now owns 9,385 shares of the retailer’s stock valued at $8,599,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The stock has a fifty day moving average of $949.23 and a 200 day moving average of $900.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market capitalization of $407.16 billion, a price-to-earnings ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COST shares. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Raymond James boosted their target price 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.