Moss Adams Wealth Advisors LLC Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Moss Adams Wealth Advisors LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,042 shares of the retailer’s stock after selling 87 shares during the period. Costco Wholesale accounts for approximately 0.4% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Moss Adams Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Costco Wholesale in the 2nd quarter valued at approximately $4,202,000. Beck Bode LLC raised its position in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after buying an additional 260 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Costco Wholesale by 7.2% in the 2nd quarter. Pacer Advisors Inc. now owns 68,324 shares of the retailer’s stock worth $58,075,000 after acquiring an additional 4,577 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Costco Wholesale by 11.3% during the second quarter. Thrivent Financial for Lutherans now owns 64,820 shares of the retailer’s stock worth $55,096,000 after acquiring an additional 6,587 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Costco Wholesale by 13.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock valued at $1,153,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST opened at $943.19 on Monday. The company’s fifty day simple moving average is $949.82 and its 200-day simple moving average is $901.47. The stock has a market cap of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s 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 transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Sanford C. Bernstein began 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 on the stock. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Nine investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

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.