Costco Wholesale Co. (NASDAQ:COST) Stake Trimmed by Ballast Inc.

Ballast Inc. cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the retailer’s stock after selling 76 shares during the quarter. Costco Wholesale accounts for 0.8% of Ballast Inc.’s portfolio, making the stock its 25th largest position. Ballast Inc.’s holdings in Costco Wholesale were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Costco Wholesale by 329.4% during 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 in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COST shares. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 2.5 %

Shares of COST opened at $943.19 on Monday. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The company has a 50-day moving average price of $949.82 and a two-hundred day moving average price of $901.47. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other Costco Wholesale 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 transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.