Gleason Group Inc. Has $1.26 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Gleason Group Inc. decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,370 shares of the retailer’s stock after selling 23 shares during the quarter. Gleason Group Inc.’s holdings in Costco Wholesale were worth $1,255,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Grandview Asset Management LLC boosted its stake in shares of Costco Wholesale by 4.1% during the 4th quarter. Grandview Asset Management LLC now owns 2,845 shares of the retailer’s stock worth $2,607,000 after buying an additional 112 shares during the last quarter. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $984,000. TPG Financial Advisors LLC raised its holdings in Costco Wholesale by 46.0% during the fourth quarter. TPG Financial Advisors LLC now owns 435 shares of the retailer’s stock worth $399,000 after acquiring an additional 137 shares in the last quarter. Gunderson Capital Management Inc. boosted its position in Costco Wholesale by 19.3% during the fourth quarter. Gunderson Capital Management Inc. now owns 519 shares of the retailer’s stock valued at $475,000 after purchasing an additional 84 shares during the last quarter. Finally, Traveka Wealth LLC grew its stake in Costco Wholesale by 139.9% in the fourth quarter. Traveka Wealth LLC now owns 1,761 shares of the retailer’s stock valued at $1,614,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm’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 $407.16 billion, a price-to-earnings ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s 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 sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on COST shares. 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 note on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley increased 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 note on Friday, December 13th. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Truist Financial raised their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.