Culbertson A N & Co. Inc. Sells 35 Shares of Costco Wholesale Co. (NASDAQ:COST)

Culbertson A N & Co. Inc. trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727 shares of the retailer’s stock after selling 35 shares during the period. Culbertson A N & Co. Inc.’s holdings in Costco Wholesale were worth $666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% in the 3rd 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 currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 0.5 %

Shares of COST opened at $947.73 on Wednesday. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a 50-day moving average of $950.03 and a 200 day moving average of $902.31. The firm has a market capitalization of $420.70 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Analysts Set New Price Targets

A number of brokerages have issued reports on COST. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. UBS Group lifted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine equities research 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 stock presently has an average rating of “Moderate Buy” and a consensus 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.