Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. cut its position in Costco Wholesale Co. (NASDAQ:COST) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,134 shares of the retailer’s stock after selling 220 shares during the period. Costco Wholesale makes up 1.7% of Davies Financial Advisors Inc.’s portfolio, making the stock its 13th largest position. Davies Financial Advisors Inc.’s holdings in Costco Wholesale were worth $1,955,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in Costco Wholesale during the second quarter worth $4,202,000. Beck Bode LLC boosted its stake in Costco Wholesale by 1.7% during the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after buying an additional 260 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Costco Wholesale by 13.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock worth $1,153,000 after buying an additional 156 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake 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 worth $2,246,000 after buying an additional 291 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its stake in Costco Wholesale by 16.8% during the second quarter. Wulff Hansen & CO. now owns 1,735 shares of the retailer’s stock worth $1,475,000 after buying an additional 250 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’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 completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on COST shares. Loop Capital lifted their target price on 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. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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. The firm 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. The stock has a 50 day moving average of $950.03 and a 200-day moving average of $902.31. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

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.