Clarius Group LLC Cuts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Clarius Group LLC reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,377 shares of the retailer’s stock after selling 362 shares during the period. Clarius Group LLC’s holdings in Costco Wholesale were worth $6,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the third quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter worth $58,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 2.5 %

Costco Wholesale stock opened at $943.19 on Monday. 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 firm 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 business has a fifty day moving average of $949.82 and a two-hundred day moving average of $901.47. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale 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 transaction, the executive vice president now owns 27,400 shares in the company, valued at $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 is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on COST shares. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. DA Davidson boosted their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Loop Capital boosted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company 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.