Arkadios Wealth Advisors Trims Holdings in Costco Wholesale Co. (NASDAQ:COST)

Arkadios Wealth Advisors cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,452 shares of the retailer's stock after selling 366 shares during the period. Arkadios Wealth Advisors' holdings in Costco Wholesale were worth $4,079,000 at the end of the most recent reporting period.

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

Insider Transactions at Costco Wholesale

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 transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Costco Wholesale Trading Up 2.5 %

Shares of NASDAQ:COST traded up $23.44 during trading on Friday, reaching $943.19. 2,367,034 shares of the stock were exchanged, compared to its average volume of 1,832,091. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm's 50-day moving average price is $949.82 and its 200 day moving average price is $901.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent analyst reports. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price target on the stock. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Finally, DA Davidson increased their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

Costco Wholesale 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.