Morton Capital Management LLC CA Has $1.18 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Morton Capital Management LLC CA trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,288 shares of the retailer’s stock after selling 12 shares during the quarter. Morton Capital Management LLC CA’s holdings in Costco Wholesale were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $4,202,000. Beck Bode LLC grew its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after buying an additional 260 shares in the last quarter. ProVise Management Group LLC bought a new stake in shares of Costco Wholesale during the second quarter valued at about $250,000. Brighton Jones LLC grew its stake in Costco Wholesale by 1.9% during the second quarter. Brighton Jones LLC now owns 18,950 shares of the retailer’s stock valued at $16,107,000 after acquiring an additional 346 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Costco Wholesale by 5.2% in the 2nd quarter. Ieq Capital LLC now owns 63,897 shares of the retailer’s stock worth $54,312,000 after purchasing an additional 3,179 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was 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 owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Up 2.5 %

Costco Wholesale stock opened at $943.19 on Friday. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The company has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $949.84 and a two-hundred day simple moving average of $900.50.

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.