Costco Wholesale Co. (NASDAQ:COST) is Carderock Capital Management Inc.’s 10th Largest Position

Carderock Capital Management Inc. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,898 shares of the retailer’s stock after selling 437 shares during the quarter. Costco Wholesale accounts for 2.5% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Carderock Capital Management Inc.’s holdings in Costco Wholesale were worth $9,986,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sax Wealth Advisors LLC lifted its position in Costco Wholesale by 1.6% in the fourth quarter. Sax Wealth Advisors LLC now owns 1,325 shares of the retailer’s stock valued at $1,214,000 after purchasing an additional 21 shares during the last quarter. Merit Financial Group LLC boosted its position in Costco Wholesale by 18.3% during the 4th quarter. Merit Financial Group LLC now owns 18,842 shares of the retailer’s stock valued at $17,264,000 after buying an additional 2,912 shares during the period. Relyea Zuckerberg Hanson LLC grew its holdings in Costco Wholesale by 4.2% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,953 shares of the retailer’s stock worth $1,790,000 after acquiring an additional 79 shares during the last quarter. CNB Bank increased its position in shares of Costco Wholesale by 3.1% in the fourth quarter. CNB Bank now owns 2,983 shares of the retailer’s stock valued at $2,733,000 after acquiring an additional 89 shares during the period. Finally, Procyon Advisors LLC raised its stake in shares of Costco Wholesale by 10.5% during the fourth quarter. Procyon Advisors LLC now owns 10,097 shares of the retailer’s stock valued at $9,252,000 after acquiring an additional 957 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 2.5 %

NASDAQ:COST opened at $943.19 on Friday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The company’s 50 day moving average price is $949.82 and its 200-day moving average price is $901.17. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Melius Research assumed coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on 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 directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.