Selective Wealth Management Inc. Sells 68 Shares of Costco Wholesale Co. (NASDAQ:COST)

Selective Wealth Management Inc. reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 638 shares of the retailer’s stock after selling 68 shares during the quarter. Selective Wealth Management Inc.’s holdings in Costco Wholesale were worth $585,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the third quarter valued at approximately $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale in the fourth quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 2.5 %

NASDAQ:COST opened at $943.19 on Friday. 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 company’s fifty day moving average price is $949.82 and its 200-day moving average price is $901.17. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The firm has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital increased 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 note on Friday, December 13th. Finally, Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Buying and Selling 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 stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate 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.