Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 19.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 855 shares of the retailer’s stock after selling 200 shares during the period. Amplius Wealth Advisors LLC’s holdings in Costco Wholesale were worth $783,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 2.5 %

Shares of Costco Wholesale stock opened at $943.19 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The stock’s fifty day moving average is $949.82 and its 200-day moving average is $901.74.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COST. Robert W. Baird upped their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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.