Mount Vernon Associates Inc. MD Sells 14 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mount Vernon Associates Inc. MD lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,093 shares of the retailer’s stock after selling 14 shares during the quarter. Costco Wholesale comprises approximately 7.2% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 4th biggest holding. Mount Vernon Associates Inc. MD’s holdings in Costco Wholesale were worth $9,248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the third quarter worth about $58,000. Christopher J. Hasenberg Inc raised its holdings in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. VitalStone Financial LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $71,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Costco Wholesale by 20.8% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after purchasing an additional 15 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COST. Morgan Stanley increased their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Evercore ISI boosted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $923.50 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $409.94 billion, a price-to-earnings ratio of 54.23, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The stock’s 50-day moving average is $949.23 and its 200-day moving average is $900.20. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25.

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.