Sky Investment Group LLC Sells 168 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sky Investment Group LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,517 shares of the retailer’s stock after selling 168 shares during the quarter. Sky Investment Group LLC’s holdings in Costco Wholesale were worth $2,306,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Charles Schwab Investment Management Inc. boosted its holdings in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC grew its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC bought a new position in Costco Wholesale during the 3rd quarter worth $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the 4th quarter valued at $8,430,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of COST stock opened at $947.73 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The business’s 50 day simple moving average is $950.03 and its 200 day simple moving average is $902.31. 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on COST shares. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price 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.