KRS Capital Management LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

KRS Capital Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 688 shares of the retailer’s stock after selling 51 shares during the quarter. KRS Capital Management LLC’s holdings in Costco Wholesale were worth $630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the third quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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 firm’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 sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Up 2.5 %

Shares of Costco Wholesale stock opened at $943.19 on Friday. The company has a 50 day simple moving average of $949.82 and a two-hundred day simple moving average of $901.17. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

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.