AMI Asset Management Corp Sells 492 Shares of Costco Wholesale Co. (NASDAQ:COST)

AMI Asset Management Corp lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,298 shares of the retailer’s stock after selling 492 shares during the period. AMI Asset Management Corp’s holdings in Costco Wholesale were worth $24,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $55,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $58,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth about $58,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $944.70 on Thursday. 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 Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock’s 50 day simple moving average is $950.34 and its 200 day simple moving average is $902.74. The firm has a market cap of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Jefferies Financial Group upped their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.