Pacifica Partners Inc. Sells 15 Shares of Costco Wholesale Co. (NASDAQ:COST)

by · The Markets Daily

Pacifica Partners Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 907 shares of the retailer’s stock after selling 15 shares during the period. Pacifica Partners Inc.’s holdings in Costco Wholesale were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COST. Quantum Financial Advisors LLC lifted its position in shares of Costco Wholesale by 8.8% in the 4th quarter. Quantum Financial Advisors LLC now owns 1,299 shares of the retailer’s stock worth $1,191,000 after acquiring an additional 105 shares during the period. Cardinal Point Capital Management ULC boosted its stake in Costco Wholesale by 27.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 338 shares of the retailer’s stock worth $310,000 after buying an additional 73 shares in the last quarter. Wallace Advisory Group LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $224,000. Tuttle Capital Management LLC raised its stake in shares of Costco Wholesale by 34.8% in the 4th quarter. Tuttle Capital Management LLC now owns 527 shares of the retailer’s stock valued at $483,000 after buying an additional 136 shares in the last quarter. Finally, Waycross Investment Management Co lifted its holdings in shares of Costco Wholesale by 73.8% during the 4th quarter. Waycross Investment Management Co now owns 970 shares of the retailer’s stock worth $889,000 after acquiring an additional 412 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on COST. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. TD Cowen increased their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Get Our Latest Report on COST

Costco Wholesale Stock Down 0.8 %

Costco Wholesale stock opened at $917.23 on Wednesday. The company has a 50 day moving average of $949.23 and a 200-day moving average of $900.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a market capitalization of $407.16 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Insider Buying and Selling

In other 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 value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).