Rosenberg Matthew Hamilton Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Rosenberg Matthew Hamilton lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 674 shares of the retailer’s stock after selling 49 shares during the period. Rosenberg Matthew Hamilton’s holdings in Costco Wholesale were worth $618,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $58,000. Fairway Wealth LLC raised its stake in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% during the third 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. Finally, VitalStone Financial LLC purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84. The company’s 50-day moving average is $949.23 and its 200 day moving average is $900.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on COST shares. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Roth Mkm upped 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. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.