Romano Brothers AND Company lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,608 shares of the retailer’s stock after selling 15 shares during the quarter. Romano Brothers AND Company’s holdings in Costco Wholesale were worth $5,138,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in COST. International Assets Investment Management LLC grew its stake in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares during the period. Pathway Financial Advisers LLC increased its stake in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the period. FMR LLC lifted its position in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Costco Wholesale by 56.8% in the second quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer’s stock valued at $481,829,000 after purchasing an additional 205,237 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have issued reports on COST. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. 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. Morgan Stanley lifted their price objective 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. Finally, Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,013.59.
Costco Wholesale Stock Up 2.5 %
Costco Wholesale stock opened at $943.19 on Monday. The stock’s 50 day moving average price is $949.82 and its 200 day moving average price is $901.47. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a market cap of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.
Insiders Place Their Bets
In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s 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 approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.
Costco Wholesale Company 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.
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