Marcum Wealth LLC Has $755,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Marcum Wealth LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 824 shares of the retailer’s stock after selling 80 shares during the quarter. Marcum Wealth LLC’s holdings in Costco Wholesale were worth $755,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COST. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $4,202,000. Wulff Hansen & CO. grew its holdings in shares of Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. WealthPLAN Partners LLC grew its holdings in shares of Costco Wholesale by 3.8% in the 2nd quarter. WealthPLAN Partners LLC now owns 15,269 shares of the retailer’s stock worth $12,979,000 after purchasing an additional 558 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new stake in shares of Costco Wholesale in the 2nd quarter worth about $9,043,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Costco Wholesale by 12.3% in the 2nd quarter. Moors & Cabot Inc. now owns 10,236 shares of the retailer’s stock worth $8,701,000 after purchasing an additional 1,122 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Finally, Truist Financial raised their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insiders Place Their Bets

In other Costco Wholesale 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 sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $917.23 on Wednesday. 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 company has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company’s 50 day moving average price is $949.23 and its two-hundred day moving average price is $900.20. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

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.