Cohen Klingenstein LLC Sells 3,900 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cohen Klingenstein LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,400 shares of the retailer's stock after selling 3,900 shares during the period. Cohen Klingenstein LLC's holdings in Costco Wholesale were worth $5,864,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fermata Advisors LLC raised its holdings in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock worth $1,745,000 after purchasing an additional 11 shares during the last quarter. Sculati Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock worth $3,398,000 after buying an additional 11 shares during the last quarter. Perkins Coie Trust Co lifted its holdings in Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock valued at $4,144,000 after buying an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC boosted its stake in Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock valued at $318,000 after acquiring an additional 12 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 2.5 %

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on COST. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Tigress Financial reissued a "buy" rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, Oppenheimer restated an "outperform" rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. 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, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,013.59.

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 stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company's stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.