Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Cut by Rockland Trust Co.

Rockland Trust Co. lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,097 shares of the retailer’s stock after selling 93 shares during the period. Rockland Trust Co.’s holdings in Costco Wholesale were worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after acquiring an additional 338,489 shares during the last quarter. FMR LLC boosted its stake in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Costco Wholesale by 56.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer’s stock worth $481,829,000 after acquiring an additional 205,237 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $923.50 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a market cap of $409.94 billion, a PE ratio of 54.23, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The stock has a 50-day moving average of $949.23 and a 200-day moving average of $900.20. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Evercore ISI increased their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Melius Research assumed coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.