Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Trimmed by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 4,042 shares of the retailer’s stock after selling 87 shares during the period. Costco Wholesale comprises 0.4% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Moss Adams Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in COST. Riversedge Advisors LLC raised its position in shares of Costco Wholesale by 5.4% during the fourth quarter. Riversedge Advisors LLC now owns 917 shares of the retailer’s stock worth $840,000 after purchasing an additional 47 shares during the period. Sandbox Financial Partners LLC raised its holdings in Costco Wholesale by 7.3% during the 4th quarter. Sandbox Financial Partners LLC now owns 1,987 shares of the retailer’s stock worth $1,820,000 after buying an additional 135 shares during the period. Jackson Square Capital LLC lifted its stake in Costco Wholesale by 6.1% during the fourth quarter. Jackson Square Capital LLC now owns 8,201 shares of the retailer’s stock valued at $7,514,000 after buying an additional 470 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Costco Wholesale by 4.5% in the fourth quarter. Ameritas Advisory Services LLC now owns 6,254 shares of the retailer’s stock worth $5,731,000 after acquiring an additional 269 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Costco Wholesale by 8.4% during the fourth quarter. HB Wealth Management LLC now owns 20,491 shares of the retailer’s stock valued at $18,776,000 after acquiring an additional 1,590 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST opened at $943.19 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a market capitalization of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The stock has a 50-day simple moving average of $949.82 and a 200 day simple moving average of $901.47.

Wall Street Analyst Weigh In

COST has been the topic of several recent analyst reports. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Stifel Nicolaus increased their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Loop Capital upped 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 report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.