USA Financial Formulas Cuts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

USA Financial Formulas cut its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 44.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,277 shares of the retailer's stock after selling 1,038 shares during the period. USA Financial Formulas' holdings in Costco Wholesale were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc raised its position in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock worth $65,000 after acquiring an additional 56 shares in the last quarter. VitalStone Financial LLC bought a new stake in Costco Wholesale during the third quarter valued at about $71,000. Finally, Iron Horse Wealth Management LLC grew its stake in Costco Wholesale by 20.8% in the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer's stock valued at $77,000 after purchasing an additional 15 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were 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 owns 27,400 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of COST traded up $21.34 during mid-day trading on Friday, reaching $941.09. The company had a trading volume of 1,523,673 shares, compared to its average volume of 1,800,162. The stock has a market capitalization of $417.75 billion, a P/E ratio of 55.22, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The stock has a 50 day moving average of $949.72 and a two-hundred day moving average of $900.36. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Evercore ISI increased their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Melius Research started coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price objective for the company. Finally, DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus price target 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.