Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Renaissance Investment Group LLC

Renaissance Investment Group LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,373 shares of the retailer's stock after selling 648 shares during the period. Costco Wholesale accounts for approximately 4.5% of Renaissance Investment Group LLC's holdings, making the stock its 2nd largest position. Renaissance Investment Group LLC's holdings in Costco Wholesale were worth $21,416,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. International Assets Investment Management LLC lifted its holdings 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 worth $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer's stock worth $979,284,000 after buying an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer's stock worth $300,473,000 after acquiring an additional 338,489 shares during the last quarter. FMR LLC grew its stake in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock valued at $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings 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 acquiring an additional 205,237 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction dated 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 directly owns 27,400 shares of the company's stock, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Up 2.5 %

Costco Wholesale stock traded up $23.44 during trading hours on Monday, reaching $943.19. The stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a PEG 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 business's 50 day moving average price is $949.82 and its 200-day moving average price is $901.74.

Analyst Ratings Changes

A number of research analysts have recently weighed in on COST shares. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Wells Fargo & Company raised their target price 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. Finally, Citigroup upped their price target 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

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.