Surience Private Wealth LLC Has $1.10 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Surience Private Wealth LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the retailer’s stock after selling 350 shares during the quarter. Costco Wholesale makes up 1.4% of Surience Private Wealth LLC’s holdings, making the stock its 17th biggest position. Surience Private Wealth LLC’s holdings in Costco Wholesale were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the period. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC bought a new position in Costco Wholesale during the third quarter worth $20,056,000. Finally, GAMMA Investing LLC increased its holdings in shares of Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on COST. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $919.75 on Friday. The stock has a fifty day moving average of $949.72 and a 200-day moving average of $900.36. The stock has a market capitalization of $408.28 billion, a P/E ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Insiders Place Their Bets

In related 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 transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

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.