Eads & Heald Wealth Management Sells 132 Shares of Costco Wholesale Co. (NASDAQ:COST)

Eads & Heald Wealth Management trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,029 shares of the retailer’s stock after selling 132 shares during the quarter. Costco Wholesale comprises approximately 1.8% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 4th biggest position. Eads & Heald Wealth Management’s holdings in Costco Wholesale were worth $3,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COST. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after acquiring an additional 382,367 shares during the period. Pathway Financial Advisers LLC grew its position in shares of Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.3 %

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on COST shares. BMO Capital Markets lifted their target price 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. Evercore ISI upped their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price 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.