Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lessened by TruWealth Advisors LLC

TruWealth Advisors LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,712 shares of the retailer's stock after selling 4,871 shares during the quarter. Costco Wholesale makes up about 2.0% of TruWealth Advisors LLC's holdings, making the stock its 16th biggest position. TruWealth Advisors LLC's holdings in Costco Wholesale were worth $33,639,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of COST. Geode Capital Management LLC lifted its stake in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after buying an additional 162,191 shares during the period. FMR LLC lifted its stake in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% during the third 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 during the last quarter. Legal & General Group Plc grew its position in shares of Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer's stock valued at $3,102,941,000 after purchasing an additional 88,550 shares during the period. Finally, Jennison Associates LLC increased its stake in Costco Wholesale by 3.8% in the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on COST shares. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price target for the company. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Finally, Melius Research started coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 target price on the stock. Nine equities 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, the company currently has an average rating of "Moderate Buy" and an average price target of $1,013.59.

Costco Wholesale Stock Up 2.5 %

COST traded up $23.44 on Friday, reaching $943.19. The company's stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The business's 50 day moving average is $949.82 and its 200 day moving average is $901.47. The stock has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was 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 directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.