Costco Wholesale Co. (NASDAQ:COST) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,741 shares of the retailer’s stock after selling 524 shares during the period. Costco Wholesale makes up about 2.7% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 13th biggest position. S.E.E.D. Planning Group LLC’s holdings in Costco Wholesale were worth $8,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clarus Wealth Advisors boosted its holdings in Costco Wholesale by 15.1% in the fourth quarter. Clarus Wealth Advisors now owns 962 shares of the retailer’s stock valued at $890,000 after purchasing an additional 126 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Costco Wholesale by 50.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,100 shares of the retailer’s stock valued at $3,757,000 after buying an additional 1,371 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Costco Wholesale by 14.5% in the fourth quarter. Park Avenue Securities LLC now owns 23,830 shares of the retailer’s stock worth $21,835,000 after buying an additional 3,014 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Costco Wholesale by 7.4% during the fourth quarter. Kathmere Capital Management LLC now owns 4,377 shares of the retailer’s stock worth $4,010,000 after acquiring an additional 301 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on COST shares. Stifel Nicolaus upped their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Robert W. Baird upped their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

COST stock opened at $923.50 on Thursday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The firm has a market capitalization of $409.94 billion, a PE ratio of 54.23, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The business has a 50 day simple moving average of $949.23 and a 200-day simple moving average of $900.20.

About Costco Wholesale

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.