Selective Wealth Management Inc. Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Selective Wealth Management Inc. cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 638 shares of the retailer’s stock after selling 68 shares during the period. Selective Wealth Management Inc.’s holdings in Costco Wholesale were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $943.19 on Friday. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The stock’s fifty day moving average is $949.82 and its 200 day moving average is $901.17. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Insider Buying and Selling at Costco Wholesale

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

Analyst Ratings Changes

COST has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. UBS Group raised 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. Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group raised their price target 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. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.