Sky Investment Group LLC Has $2.31 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sky Investment Group LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,517 shares of the retailer’s stock after selling 168 shares during the period. Sky Investment Group LLC’s holdings in Costco Wholesale were worth $2,306,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wealthquest Corp raised its holdings in shares of Costco Wholesale by 6.0% in the fourth quarter. Wealthquest Corp now owns 351 shares of the retailer’s stock valued at $322,000 after buying an additional 20 shares during the last quarter. Cove Private Wealth LLC raised its stake in shares of Costco Wholesale by 69.1% in the fourth quarter. Cove Private Wealth LLC now owns 1,995 shares of the retailer’s stock worth $1,828,000 after acquiring an additional 815 shares during the last quarter. Zhang Financial LLC lifted its position in shares of Costco Wholesale by 12.6% during the fourth quarter. Zhang Financial LLC now owns 1,527 shares of the retailer’s stock worth $1,399,000 after purchasing an additional 171 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Costco Wholesale by 7.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 15,668 shares of the retailer’s stock valued at $14,356,000 after purchasing an additional 1,084 shares during the last quarter. Finally, Corundum Group Inc. increased its holdings in shares of Costco Wholesale by 45.9% in the fourth quarter. Corundum Group Inc. now owns 1,994 shares of the retailer’s stock valued at $1,827,000 after purchasing an additional 627 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $947.73 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50 day moving average price of $950.03 and a 200 day moving average price of $902.31. The stock has a market capitalization of $420.70 billion, a PE ratio of 55.65, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on COST shares. Truist Financial increased their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given 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.

About Costco Wholesale

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.