Costco Wholesale Co. (NASDAQ:COST) Shares Sold by USA Financial Formulas

USA Financial Formulas cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 44.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,277 shares of the retailer’s stock after selling 1,038 shares during the quarter. USA Financial Formulas’ holdings in Costco Wholesale were worth $1,170,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter worth about $58,000. Christopher J. Hasenberg Inc increased its stake in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. VitalStone Financial LLC acquired a new position in shares of Costco Wholesale during the third quarter worth about $71,000. Finally, Iron Horse Wealth Management LLC grew its position in Costco Wholesale by 20.8% during the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after buying an additional 15 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’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 transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. 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. Evercore ISI upped their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Loop Capital upped their target price on shares of 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. Finally, Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

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

Costco Wholesale 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.