Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640 shares of the retailer’s stock after selling 200 shares during the quarter. Sawyer & Company Inc’s holdings in Costco Wholesale were worth $586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COST. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Costco Wholesale by 7.2% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,666 shares of the retailer’s stock worth $2,443,000 after acquiring an additional 178 shares during the last quarter. D. Scott Neal Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $205,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,033 shares of the retailer’s stock worth $947,000 after acquiring an additional 29 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $8,430,000. Finally, ARS Wealth Advisors Group LLC lifted its holdings in Costco Wholesale by 8.9% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,754 shares of the retailer’s stock worth $2,523,000 after buying an additional 226 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $919.75 on Friday. The company has a market cap of $408.28 billion, a PE ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a 50-day simple moving average of $949.72 and a 200-day simple moving average of $900.36.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s 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 completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

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.