Godsey & Gibb Inc. Sells 719 Shares of Costco Wholesale Co. (NASDAQ:COST)

Godsey & Gibb Inc. decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 32,130 shares of the retailer’s stock after selling 719 shares during the quarter. Costco Wholesale makes up approximately 2.9% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 4th largest position. Godsey & Gibb Inc.’s holdings in Costco Wholesale were worth $29,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc grew its position in Costco Wholesale by 329.4% during the third 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 period. VitalStone Financial LLC purchased a new position in Costco Wholesale in the third quarter valued at $71,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Costco Wholesale by 20.8% in the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after acquiring an additional 15 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $919.75 on Friday. The company’s 50-day moving average is $949.72 and its two-hundred day moving average is $900.36. The firm has a market capitalization of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 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. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Analysts Set New Price Targets

A number of research firms have recently commented on COST. Stifel Nicolaus raised their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction 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. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.