Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 19.5% during the fourth quarter, Holdings Channel reports. The firm owned 169 shares of the retailer’s stock after selling 41 shares during the period. Carolina Wealth Advisors LLC’s holdings in Costco Wholesale were worth $155,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc lifted its holdings in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the period. VitalStone Financial LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $71,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after purchasing an additional 15 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.4 %

COST stock opened at $919.75 on Friday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company’s 50 day moving average price is $949.72 and its 200 day moving average price is $900.36. 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 firm has a market capitalization of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on COST shares. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

About Costco Wholesale

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.