Annex Advisory Services LLC Purchases 3,896 Shares of Costco Wholesale Co. (NASDAQ:COST)

Annex Advisory Services LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,061 shares of the retailer's stock after purchasing an additional 3,896 shares during the period. Annex Advisory Services LLC's holdings in Costco Wholesale were worth $27,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Charles Schwab Investment Management Inc. raised its position in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer's stock worth $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Costco Wholesale by 62.8% in the 3rd 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 purchasing an additional 932 shares during the period. Hudson Value Partners LLC raised its holdings in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter valued at about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $8,430,000. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on COST shares. Evercore ISI increased their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $23.44 during 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. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $949.82 and its 200-day moving average price is $901.74. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

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.