Mogy Joel R Investment Counsel Inc. Sells 67 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mogy Joel R Investment Counsel Inc. lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,194 shares of the retailer’s stock after selling 67 shares during the period. Costco Wholesale comprises approximately 5.5% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 4th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Costco Wholesale were worth $92,721,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $944.70 on Thursday. The firm has a 50-day moving average of $950.34 and a two-hundred day moving average of $902.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $419.35 billion, a P/E ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COST. Evercore ISI raised their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.