Howard Capital Management Group LLC Lowers Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Howard Capital Management Group LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,811 shares of the retailer’s stock after selling 50 shares during the period. Costco Wholesale makes up approximately 3.6% of Howard Capital Management Group LLC’s investment portfolio, making the stock its 7th biggest position. Howard Capital Management Group LLC’s holdings in Costco Wholesale were worth $52,971,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $58,000. Finally, Christopher J. Hasenberg Inc boosted its stake 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. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on COST. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Barclays increased their price objective 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 boosted their target price 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. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

NASDAQ COST opened at $944.70 on Thursday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The business has a 50 day moving average price of $950.34 and a 200-day moving average price of $902.74. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $419.35 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 5.63 and a beta of 0.84.

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.