Reliant Investment Management LLC Sells 36 Shares of Costco Wholesale Co. (NASDAQ:COST)

Reliant Investment Management LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 382 shares of the retailer’s stock after selling 36 shares during the quarter. Reliant Investment Management LLC’s holdings in Costco Wholesale were worth $350,000 as of its most recent filing with the SEC.

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

Costco Wholesale Trading Up 0.5 %

Shares of COST opened at $947.73 on Wednesday. The firm has a fifty day simple moving average of $950.03 and a two-hundred day simple moving average of $902.31. 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 $420.70 billion, a P/E ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Insider Transactions at Costco Wholesale

In related 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 transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on COST shares. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.