Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Planned Solutions Inc.

Planned Solutions Inc. lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524 shares of the retailer’s stock after selling 60 shares during the quarter. Planned Solutions Inc.’s holdings in Costco Wholesale were worth $480,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. lifted its position in Costco Wholesale by 7.1% in the fourth quarter. Atomi Financial Group Inc. now owns 10,099 shares of the retailer’s stock valued at $9,253,000 after purchasing an additional 666 shares during the period. Monterey Private Wealth Inc. lifted its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Monterey Private Wealth Inc. now owns 3,986 shares of the retailer’s stock valued at $3,652,000 after buying an additional 34 shares during the period. Transform Wealth LLC boosted its stake in shares of Costco Wholesale by 14.8% in the fourth quarter. Transform Wealth LLC now owns 19,173 shares of the retailer’s stock valued at $17,567,000 after buying an additional 2,473 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in Costco Wholesale by 2.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 2,864 shares of the retailer’s stock worth $2,624,000 after acquiring an additional 82 shares during the period. Finally, Segment Wealth Management LLC raised its position in Costco Wholesale by 0.4% in the fourth quarter. Segment Wealth Management LLC now owns 21,364 shares of the retailer’s stock worth $19,575,000 after acquiring an additional 88 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. DA Davidson boosted their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of COST opened at $944.70 on Thursday. The stock’s fifty day simple moving average is $950.34 and its 200 day simple moving average is $902.74. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $419.35 billion, a P/E ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

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.