Somerset Trust Co reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,963 shares of the retailer's stock after selling 293 shares during the period. Costco Wholesale accounts for approximately 2.1% of Somerset Trust Co's portfolio, making the stock its 12th biggest holding. Somerset Trust Co's holdings in Costco Wholesale were worth $5,464,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Fermata Advisors LLC grew its stake in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock valued at $1,745,000 after buying an additional 11 shares during the period. Sculati Wealth Management LLC grew its stake in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock valued at $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC grew its stake in Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after acquiring an additional 11 shares during the period. Perkins Coie Trust Co lifted its holdings in shares of Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Firethorn Wealth Partners LLC grew its position in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock valued at $318,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.
Insider Buying and Selling
In related news, EVP Richard A. Galanti sold 1,416 shares of the business'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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.
Costco Wholesale Price Performance
Shares of Costco Wholesale stock traded up $23.44 on Friday, reaching $943.19. The stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. The business's 50 day moving average is $949.82 and its two-hundred day moving average is $901.47. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a market cap 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.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Truist Financial upped their target price on shares of 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 Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. StockNews.com lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group upped 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 research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.
View Our Latest Report on COST
Costco Wholesale Profile
(
Free Report)
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.
Further Reading
Before you consider Costco Wholesale, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.
While Costco Wholesale currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
