Brady Martz Wealth Solutions LLC Invests $1.15 Million in Costco Wholesale Co. (NASDAQ:COST)

Brady Martz Wealth Solutions LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,250 shares of the retailer's stock, valued at approximately $1,147,000.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Costco Wholesale by 1.2% in 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 during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Costco Wholesale by 62.8% in 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 period. Hudson Value Partners LLC boosted its position in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $8,430,000. Institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on shares of 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. 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. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price objective on the stock. Truist Financial boosted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. Finally, Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average target price of $1,013.59.

Costco Wholesale Stock Performance

COST traded up $23.44 during midday trading on Monday, reaching $943.19. The company's stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. 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 cap of $418.68 billion, a P/E ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The company has a fifty day simple moving average of $949.82 and a 200 day simple moving average of $901.74. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.