Columbia Advisory Partners LLC Sells 46 Shares of Costco Wholesale Co. (NASDAQ:COST)

Columbia Advisory Partners LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,525 shares of the retailer’s stock after selling 46 shares during the quarter. Costco Wholesale comprises about 1.3% of Columbia Advisory Partners LLC’s holdings, making the stock its 16th biggest position. Columbia Advisory Partners LLC’s holdings in Costco Wholesale were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth $29,000. Fairway Wealth LLC boosted its stake in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $58,000. Christopher J. Hasenberg Inc grew its position in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $71,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST stock opened at $917.23 on Wednesday. The stock has a 50 day moving average price of $949.23 and a 200 day moving average price of $900.20. 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 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Melius Research initiated coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price for the company. UBS Group boosted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group boosted their target price 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. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insiders Place Their Bets

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