CHURCHILL MANAGEMENT Corp Makes New $8.43 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,200 shares of the retailer's stock, valued at approximately $8,430,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in 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 purchasing an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in 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 buying an additional 382,367 shares during the period. Pathway Financial Advisers LLC increased 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 worth $300,473,000 after acquiring an additional 338,489 shares in the last quarter. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Costco Wholesale by 56.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer's stock valued at $481,829,000 after acquiring an additional 205,237 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.4 %

NASDAQ COST traded down $3.75 on Thursday, hitting $919.75. 1,351,697 shares of the company were exchanged, compared to its average volume of 1,834,812. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company's 50 day moving average price is $949.72 and its 200-day moving average price is $900.36. The firm has a market capitalization of $408.28 billion, a P/E ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on 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 approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Melius Research began coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of "Moderate Buy" and an average 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.