Alpha Cubed Investments LLC Lowers Holdings in Costco Wholesale Co. (NASDAQ:COST)

Alpha Cubed Investments LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,423 shares of the retailer’s stock after selling 953 shares during the quarter. Costco Wholesale comprises about 1.2% of Alpha Cubed Investments LLC’s portfolio, making the stock its 25th biggest position. Alpha Cubed Investments LLC’s holdings in Costco Wholesale were worth $26,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fermata Advisors LLC increased its stake in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares in the last quarter. Sculati Wealth Management LLC increased its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the last quarter. Gill Capital Partners LLC lifted its holdings in Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC boosted its stake 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 purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.5 %

Shares of NASDAQ COST opened at $947.73 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $420.70 billion, a PE ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a fifty day simple moving average of $950.03 and a 200-day simple moving average of $902.31.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The shares were 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 owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average 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.