Sagace Wealth Management LLC Trims Stock Position in Costco Wholesale Co. (NASDAQ:COST)

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

A number of other institutional investors have also modified their holdings of the stock. ERn Financial LLC raised its stake in shares of Costco Wholesale by 2.5% during the 4th quarter. ERn Financial LLC now owns 2,091 shares of the retailer’s stock valued at $1,916,000 after buying an additional 51 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of Costco Wholesale by 7.2% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,666 shares of the retailer’s stock valued at $2,443,000 after purchasing an additional 178 shares in the last quarter. D. Scott Neal Inc. acquired a new position in Costco Wholesale in the 4th quarter worth about $205,000. Armstrong Advisory Group Inc. raised its holdings in Costco Wholesale by 2.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,033 shares of the retailer’s stock worth $947,000 after purchasing an additional 29 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the 4th quarter worth about $8,430,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COST. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. 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 for the company. DA Davidson upped their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $919.75 on Friday. 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 business has a 50 day simple moving average of $949.72 and a 200-day simple moving average of $900.36. The firm has a market capitalization of $408.28 billion, a PE ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25.

Costco Wholesale 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.