Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 634 shares of the retailer’s stock after selling 24 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Costco Wholesale were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Costco Wholesale in the second quarter valued at $4,202,000. Mutual of America Capital Management LLC raised its position in Costco Wholesale by 0.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 62,538 shares of the retailer’s stock valued at $53,157,000 after purchasing an additional 576 shares in the last quarter. Financial & Tax Architects LLC boosted its stake in shares of Costco Wholesale by 19.2% in the 2nd quarter. Financial & Tax Architects LLC now owns 1,586 shares of the retailer’s stock valued at $1,348,000 after buying an additional 255 shares during the period. E Fund Management Co. Ltd. grew its position in shares of Costco Wholesale by 6.4% during the second quarter. E Fund Management Co. Ltd. now owns 6,557 shares of the retailer’s stock worth $5,573,000 after buying an additional 394 shares in the last quarter. Finally, Meridian Wealth Partners LLC increased its stake in shares of Costco Wholesale by 8.8% during the second quarter. Meridian Wealth Partners LLC now owns 432 shares of the retailer’s stock worth $367,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

NASDAQ:COST opened at $923.50 on Thursday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $949.23 and its 200-day simple moving average is $900.20. The firm has a market cap of $409.94 billion, a P/E ratio of 54.23, a PEG ratio of 6.02 and a beta of 0.84.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Loop Capital upped their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” 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 data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.