Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Peak Financial Advisors LLC

Peak Financial Advisors LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,477 shares of the retailer’s stock after selling 50 shares during the period. Costco Wholesale comprises approximately 1.7% of Peak Financial Advisors LLC’s holdings, making the stock its 16th largest position. Peak Financial Advisors LLC’s holdings in Costco Wholesale were worth $3,186,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth about $58,000. Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares in the last quarter. VitalStone Financial LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $71,000. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI lifted their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Transactions at Costco Wholesale

In other Costco Wholesale 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 transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $923.50 on Thursday. The company has a market cap of $409.94 billion, a P/E ratio of 54.23, a P/E/G ratio of 6.02 and a beta of 0.84. The firm’s 50 day moving average is $949.23 and its two-hundred day moving average is $900.20. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

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.