Fort Washington Investment Advisors Inc. OH Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Fort Washington Investment Advisors Inc. OH lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 7,229 shares of the retailer’s stock after selling 155 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Costco Wholesale were worth $6,624,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of COST. Fermata Advisors LLC boosted its stake in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares during the last quarter. Gill Capital Partners LLC boosted its stake in Costco Wholesale by 0.9% during the 4th 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, Scott Capital Advisors LLC grew its holdings in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on COST shares. Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. UBS Group boosted 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. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $944.70 on Thursday. The stock’s 50 day moving average price is $950.34 and its 200 day moving average price is $902.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 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.

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.