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

Arbor Trust Wealth Advisors LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,234 shares of the retailer’s stock after selling 51 shares during the period. Costco Wholesale comprises approximately 2.2% of Arbor Trust Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in Costco Wholesale were worth $4,796,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of Costco Wholesale during the 2nd quarter worth $4,202,000. Beck Bode LLC boosted its position in shares of Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the period. Pacer Advisors Inc. increased its stake in Costco Wholesale by 7.2% in the 2nd quarter. Pacer Advisors Inc. now owns 68,324 shares of the retailer’s stock worth $58,075,000 after purchasing an additional 4,577 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Costco Wholesale by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 64,820 shares of the retailer’s stock worth $55,096,000 after buying an additional 6,587 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Costco Wholesale by 13.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock valued at $1,153,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 2.5 %

COST stock opened at $943.19 on Monday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 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 price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The business’s 50-day simple moving average is $949.82 and its 200 day simple moving average is $901.47.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets increased their price objective on 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. Finally, UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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 shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.