Surience Private Wealth LLC Sells 350 Shares of Costco Wholesale Co. (NASDAQ:COST)

Surience Private Wealth LLC decreased its holdings 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 SEC. The fund owned 1,200 shares of the retailer’s stock after selling 350 shares during the quarter. Costco Wholesale makes up about 1.4% of Surience Private Wealth LLC’s investment portfolio, making the stock its 17th largest position. Surience Private Wealth LLC’s holdings in Costco Wholesale were worth $1,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. Geode Capital Management LLC grew its stake 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 valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. FMR LLC lifted its holdings in 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 buying an additional 324,973 shares in the last quarter. International Assets Investment Management LLC boosted its position in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after buying an additional 88,550 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after acquiring an additional 125,444 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on COST shares. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Down 0.4 %

NASDAQ COST opened at $919.75 on Friday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock’s 50 day moving average price is $949.72 and its two-hundred day moving average price is $900.36. The stock has a market capitalization of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction 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 sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

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.