Mountain Pacific Investment Advisers LLC Sells 108 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mountain Pacific Investment Advisers LLC cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,430 shares of the retailer’s stock after selling 108 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Costco Wholesale were worth $9,557,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in Costco Wholesale in the second quarter worth approximately $4,202,000. Beck Bode LLC raised its position in shares of Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after acquiring an additional 260 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Costco Wholesale by 13.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock worth $1,153,000 after purchasing an additional 156 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its position in Costco Wholesale by 12.4% during the second quarter. Mill Creek Capital Advisors LLC now owns 2,642 shares of the retailer’s stock valued at $2,246,000 after purchasing an additional 291 shares in the last quarter. Finally, Wulff Hansen & CO. grew its stake in Costco Wholesale by 16.8% in the second quarter. Wulff Hansen & CO. now owns 1,735 shares of the retailer’s stock valued at $1,475,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on COST shares. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 0.5 %

NASDAQ:COST opened at $947.73 on Wednesday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. 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 stock’s fifty day moving average is $950.03 and its two-hundred day moving average is $902.31. The stock has a market capitalization of $420.70 billion, a price-to-earnings ratio of 55.65, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.