Wealthcare Advisory Partners LLC Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Wealthcare Advisory Partners LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,315 shares of the retailer’s stock after selling 48 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Costco Wholesale were worth $6,702,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the 3rd quarter worth about $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale during the 4th quarter valued at about $58,000. Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new stake in Costco Wholesale in the third quarter worth about $71,000. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST opened at $943.19 on Friday. 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 firm has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The company has a 50-day moving average price of $949.84 and a 200-day moving average price of $900.50. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Analyst Ratings Changes

COST has been the topic of a number of analyst reports. Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Evercore ISI boosted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Melius Research began coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.