Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,346 shares of the retailer’s stock after selling 62 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Costco Wholesale were worth $1,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Riversedge Advisors LLC grew its position in shares of Costco Wholesale by 5.4% in the 4th quarter. Riversedge Advisors LLC now owns 917 shares of the retailer’s stock worth $840,000 after acquiring an additional 47 shares in the last quarter. Sandbox Financial Partners LLC increased its stake in Costco Wholesale by 7.3% during the fourth quarter. Sandbox Financial Partners LLC now owns 1,987 shares of the retailer’s stock valued at $1,820,000 after purchasing an additional 135 shares during the last quarter. Jackson Square Capital LLC grew its position in shares of Costco Wholesale by 6.1% during the 4th quarter. Jackson Square Capital LLC now owns 8,201 shares of the retailer’s stock valued at $7,514,000 after buying an additional 470 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Costco Wholesale by 4.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 6,254 shares of the retailer’s stock valued at $5,731,000 after buying an additional 269 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in Costco Wholesale by 8.4% in the fourth quarter. HB Wealth Management LLC now owns 20,491 shares of the retailer’s stock worth $18,776,000 after acquiring an additional 1,590 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $943.19 on Monday. The company’s fifty day moving average is $949.82 and its two-hundred day moving average is $901.47. The company has a market cap of $418.68 billion, a P/E ratio of 55.38, 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 quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COST shares. Stifel Nicolaus upped their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley raised 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. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity at Costco Wholesale

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 transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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.