Costco Wholesale Co. (NASDAQ:COST) Shares Sold by LVW Advisors LLC

LVW Advisors LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the retailer’s stock after selling 58 shares during the quarter. LVW Advisors LLC’s holdings in Costco Wholesale were worth $1,833,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Morgan Stanley increased their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’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 value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $943.19 on Tuesday. 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 business has a fifty day simple moving average of $949.82 and a 200-day simple moving average of $901.74. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week 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.

Costco Wholesale Company 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.