Burney Co. Sells 3,225 Shares of Costco Wholesale Co. (NASDAQ:COST)

Burney Co. decreased its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,187 shares of the retailer's stock after selling 3,225 shares during the period. Burney Co.'s holdings in Costco Wholesale were worth $3,837,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock valued at $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock valued at $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC lifted its stake in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in Costco Wholesale by 56.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer's stock valued at $481,829,000 after purchasing an additional 205,237 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on COST shares. Citigroup raised 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 note on Wednesday, December 18th. Truist Financial raised their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research note on Friday, December 13th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. DA Davidson raised their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Nine equities research 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 0.7 %

Shares of COST opened at $923.50 on Thursday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a market cap of $409.94 billion, a P/E ratio of 54.23, a P/E/G ratio of 5.60 and a beta of 0.84. 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 firm has a 50 day simple moving average of $949.23 and a two-hundred day simple moving average of $900.20.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company's stock.

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.

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