Charles Schwab Trust Co Has $315,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Charles Schwab Trust Co cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 344 shares of the retailer’s stock after selling 18 shares during the quarter. Charles Schwab Trust Co’s holdings in Costco Wholesale were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $4,202,000. Beck Bode LLC boosted its position in Costco Wholesale by 1.7% in the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after purchasing an additional 260 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Costco Wholesale by 13.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock valued at $1,153,000 after purchasing an additional 156 shares during the period. Mill Creek Capital Advisors LLC increased its position in shares of Costco Wholesale by 12.4% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 2,642 shares of the retailer’s stock valued at $2,246,000 after purchasing an additional 291 shares during the last quarter. Finally, Wulff Hansen & CO. raised its stake in shares of Costco Wholesale by 16.8% during the 2nd quarter. Wulff Hansen & CO. now owns 1,735 shares of the retailer’s stock worth $1,475,000 after purchasing an additional 250 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $947.73 on Wednesday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $420.70 billion, a PE ratio of 55.65, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The stock has a 50-day moving average price of $950.03 and a 200-day moving average price of $902.31.

Wall Street Analyst Weigh In

COST has been the subject of several research reports. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus raised 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 note on Thursday, December 5th. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. UBS Group raised their target price 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. Finally, Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This 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 through the SEC website. 0.18% of the stock is currently owned by insiders.

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.