AMI Asset Management Corp Sells 492 Shares of Costco Wholesale Co. (NASDAQ:COST)

AMI Asset Management Corp cut its position in Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,298 shares of the retailer’s stock after selling 492 shares during the quarter. AMI Asset Management Corp’s holdings in Costco Wholesale were worth $24,096,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the 4th quarter worth about $58,000. Finally, Christopher J. Hasenberg Inc grew its position 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 valued at $65,000 after buying an additional 56 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ:COST opened at $944.70 on Thursday. The company has a market capitalization of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business has a fifty day moving average price of $950.34 and a two-hundred day moving average price of $902.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup boosted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their target price 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. Finally, DA Davidson increased their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale 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.