Rockingstone Advisors LLC Has $2.95 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Rockingstone Advisors LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,222 shares of the retailer’s stock after selling 192 shares during the quarter. Costco Wholesale makes up 1.3% of Rockingstone Advisors LLC’s holdings, making the stock its 27th biggest holding. Rockingstone Advisors LLC’s holdings in Costco Wholesale were worth $2,952,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. ARS Wealth Advisors Group LLC increased its holdings in Costco Wholesale by 8.9% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,754 shares of the retailer’s stock valued at $2,523,000 after purchasing an additional 226 shares during the period. Smith Anglin Financial LLC lifted its holdings in Costco Wholesale by 3.1% during the 4th quarter. Smith Anglin Financial LLC now owns 1,305 shares of the retailer’s stock worth $1,196,000 after buying an additional 39 shares during the period. Apella Capital LLC grew its position in shares of Costco Wholesale by 12.0% in the 4th quarter. Apella Capital LLC now owns 2,950 shares of the retailer’s stock valued at $2,703,000 after buying an additional 317 shares during the last quarter. Founders Grove Wealth Partners LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $210,000. Finally, Clarus Wealth Advisors raised its position in shares of Costco Wholesale by 15.1% during the fourth quarter. Clarus Wealth Advisors now owns 962 shares of the retailer’s stock worth $890,000 after acquiring an additional 126 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.7 %

Shares of NASDAQ:COST opened at $923.50 on Thursday. The stock has a market cap of $409.94 billion, a price-to-earnings ratio of 54.23, a PEG ratio of 5.60 and a beta of 0.84. The business’s 50 day moving average is $949.23 and its 200 day moving average is $900.20. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Tigress Financial restated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine investment 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, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were 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 directly owns 27,400 shares of the company’s stock, valued at $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 available at this link. Insiders own 0.18% of the company’s stock.

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.