Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,130 shares of the retailer's stock after selling 719 shares during the quarter. Costco Wholesale makes up approximately 2.9% of Godsey & Gibb Inc.'s holdings, making the stock its 4th largest holding. Godsey & Gibb Inc.'s holdings in Costco Wholesale were worth $29,440,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a "buy" rating in a report on Friday, September 27th. Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price target on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday, January 9th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.2 %

Shares of Costco Wholesale stock traded up $20.29 during midday trading on Friday, reaching $940.04. 1,438,195 shares of the company's stock traded hands, compared to its average volume of 1,797,164. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company's 50 day simple moving average is $949.72 and its 200 day simple moving average is $900.36. The company has a market cap of $417.28 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the 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 owns 27,400 shares of the company's stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company's stock.

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.