Dale Q Rice Investment Management Ltd Purchases Shares of 1,074 Costco Wholesale Co. (NASDAQ:COST)

Dale Q Rice Investment Management Ltd acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,074 shares of the retailer's stock, valued at approximately $984,000.

Several other hedge funds have also modified their holdings of COST. TPG Financial Advisors LLC raised its holdings in shares of Costco Wholesale by 46.0% in the 4th quarter. TPG Financial Advisors LLC now owns 435 shares of the retailer's stock worth $399,000 after purchasing an additional 137 shares during the period. Gunderson Capital Management Inc. increased its position in Costco Wholesale by 19.3% during the 4th quarter. Gunderson Capital Management Inc. now owns 519 shares of the retailer's stock worth $475,000 after purchasing an additional 84 shares in the last quarter. Traveka Wealth LLC raised its holdings in Costco Wholesale by 139.9% in the fourth quarter. Traveka Wealth LLC now owns 1,761 shares of the retailer's stock valued at $1,614,000 after buying an additional 1,027 shares during the period. Unique Wealth LLC lifted its position in Costco Wholesale by 13.4% during the fourth quarter. Unique Wealth LLC now owns 857 shares of the retailer's stock valued at $786,000 after buying an additional 101 shares in the last quarter. Finally, Pinnacle Wealth Management Group Inc. purchased a new stake in Costco Wholesale during the fourth quarter worth approximately $243,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $7.34 during midday trading on Wednesday, hitting $924.57. The company's stock had a trading volume of 265,900 shares, compared to its average volume of 1,709,924. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The firm's fifty day moving average price is $949.23 and its 200-day moving average price is $900.20. The firm has a market cap of $410.42 billion, a P/E ratio of 54.29, a P/E/G ratio of 6.02 and a beta of 0.84.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on 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 of the company's stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Melius Research assumed coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They set a "hold" rating and a $950.00 target price on the stock. Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and an average 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.