Howard Capital Management Group LLC Has $52.97 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Howard Capital Management Group LLC cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,811 shares of the retailer’s stock after selling 50 shares during the quarter. Costco Wholesale accounts for about 3.6% of Howard Capital Management Group LLC’s portfolio, making the stock its 7th biggest position. Howard Capital Management Group LLC’s holdings in Costco Wholesale were worth $52,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares during the period. Nwam LLC purchased a new position in Costco Wholesale in the third quarter worth $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Costco Wholesale in the 4th quarter valued at $8,430,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $944.70 on Thursday. The company’s fifty day moving average price is $950.34 and its 200-day moving average price is $902.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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 research note on Friday, December 13th. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays lifted 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. Oppenheimer reissued 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. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.