Trust Co of Kansas lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,265 shares of the retailer's stock after selling 3,552 shares during the quarter. Costco Wholesale accounts for about 1.9% of Trust Co of Kansas' investment portfolio, making the stock its 24th largest holding. Trust Co of Kansas' holdings in Costco Wholesale were worth $3,908,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Dominguez Wealth Management Solutions Inc. raised its holdings in shares of Costco Wholesale by 1.9% during the 4th quarter. Dominguez Wealth Management Solutions Inc. now owns 1,040 shares of the retailer's stock valued at $952,000 after buying an additional 19 shares during the period. Lake Street Private Wealth LLC grew its holdings in Costco Wholesale by 1.2% during the 4th quarter. Lake Street Private Wealth LLC now owns 7,540 shares of the retailer's stock valued at $6,909,000 after purchasing an additional 93 shares in the last quarter. Dakota Community Bank & Trust NA grew its stake in shares of Costco Wholesale by 13.8% during the fourth quarter. Dakota Community Bank & Trust NA now owns 214 shares of the retailer's stock valued at $196,000 after acquiring an additional 26 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth about $55,000. Finally, Brooklyn Investment Group boosted its holdings in Costco Wholesale by 4.2% in the fourth quarter. Brooklyn Investment Group now owns 3,265 shares of the retailer's stock valued at $2,991,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.
Costco Wholesale Price Performance
Shares of Costco Wholesale stock traded up $23.44 on Friday, hitting $943.19. The company 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 PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The business has a 50-day simple moving average of $949.82 and a 200-day simple moving average of $901.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.
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 that occurred 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 transaction, the executive vice president now owns 27,400 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Evercore ISI lifted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Robert W. Baird upped their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Tigress Financial reissued a "buy" rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and an average target price of $1,013.59.
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Costco Wholesale Company 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.
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