Stokes Capital Advisors LLC Sells 300 Shares of Costco Wholesale Co. (NASDAQ:COST)

Stokes Capital Advisors LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,501 shares of the retailer’s stock after selling 300 shares during the quarter. Costco Wholesale comprises about 3.0% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Stokes Capital Advisors LLC’s holdings in Costco Wholesale were worth $11,454,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COST. Charles Schwab Investment Management Inc. boosted its stake in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC boosted its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $8,430,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 2.5 %

Shares of COST stock opened at $943.19 on Tuesday. 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 capitalization of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 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. The firm has a 50-day moving average price of $949.82 and a 200 day moving average price of $901.74.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the 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 owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on COST shares. Melius Research began coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Evercore ISI lifted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.