Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. decreased its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,898 shares of the retailer's stock after selling 437 shares during the quarter. Costco Wholesale makes up about 2.5% of Carderock Capital Management Inc.'s holdings, making the stock its 10th biggest position. Carderock Capital Management Inc.'s holdings in Costco Wholesale were worth $9,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter valued at $4,202,000. Beck Bode LLC lifted its position in shares of Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer's stock worth $13,563,000 after buying an additional 260 shares during the last quarter. ProVise Management Group LLC bought a new stake in shares of Costco Wholesale during the 2nd quarter worth about $250,000. ASB Consultores LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at about $292,000. Finally, AE Wealth Management LLC raised its stake in shares of Costco Wholesale by 25.6% in the 2nd quarter. AE Wealth Management LLC now owns 22,102 shares of the retailer's stock valued at $18,786,000 after acquiring an additional 4,505 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

COST has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Tigress Financial reiterated a "buy" rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Evercore ISI increased their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of COST traded up $23.44 during trading hours on Friday, hitting $943.19. The stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. The stock has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, 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 company's fifty day moving average is $949.82 and its two-hundred day moving average is $901.47. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

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.