Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Union Savings Bank

Union Savings Bank cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,474 shares of the retailer’s stock after selling 66 shares during the period. Costco Wholesale makes up approximately 1.1% of Union Savings Bank’s holdings, making the stock its 14th largest holding. Union Savings Bank’s holdings in Costco Wholesale were worth $2,267,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COST. Fermata Advisors LLC lifted its position in Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares during the period. Sculati Wealth Management LLC grew its position in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC increased its position in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the last quarter. Gill Capital Partners LLC increased its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was 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 of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Up 2.5 %

COST opened at $943.19 on Tuesday. The stock has a market capitalization 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 has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $949.82 and a 200-day moving average price of $901.74. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Melius Research initiated coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. The Goldman Sachs Group lifted their price objective 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. Barclays increased their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

About Costco Wholesale

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.