Apella Capital LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Apella Capital LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,950 shares of the retailer's stock after purchasing an additional 317 shares during the quarter. Apella Capital LLC's holdings in Costco Wholesale were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $58,000. Christopher J. Hasenberg Inc boosted its holdings in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock worth $65,000 after acquiring an additional 56 shares in the last quarter. VitalStone Financial LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $71,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Costco Wholesale by 20.8% during the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer's stock valued at $77,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction 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 represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $3.75 during trading hours on Thursday, reaching $919.75. The stock had a trading volume of 1,351,697 shares, compared to its average volume of 1,834,812. The stock has a market cap 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 stock has a 50 day simple moving average of $949.72 and a 200 day simple moving average of $900.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Analysts Set New Price Targets

Several research firms recently issued reports on COST. Melius Research assumed coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a "hold" rating and a $950.00 price target for the company. Robert W. Baird lifted their price objective 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. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday, January 9th. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Barclays increased their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Nine investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.