Capital Planning LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 28.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,756 shares of the retailer's stock after acquiring an additional 837 shares during the quarter. Costco Wholesale comprises approximately 0.9% of Capital Planning LLC's investment portfolio, making the stock its 27th biggest holding. Capital Planning LLC's holdings in Costco Wholesale were worth $3,441,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer's stock valued at $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 raised its holdings in Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer's stock worth $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC lifted its stake in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock valued at $7,133,000 after buying 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 bought a new stake in shares of Costco Wholesale during the fourth quarter worth $8,430,000. Institutional investors and hedge funds own 68.48% of the company's stock.
Costco Wholesale Price Performance
Shares of NASDAQ:COST traded up $23.44 during trading on Friday, reaching $943.19. 2,367,034 shares of the company traded hands, compared to its average volume of 1,832,091. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. 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 company's 50 day moving average is $949.82 and its two-hundred day moving average is $901.17.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on COST. Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Evercore ISI upped their price objective 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. Melius Research initiated coverage on Costco Wholesale in a report on Monday, September 23rd. They set a "hold" rating and a $950.00 price objective for the company. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, Barclays raised their price target on shares of 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 equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,013.59.
Read Our Latest Stock Report on COST
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 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 sale, the executive vice president now owns 27,400 shares of the company's stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.
About Costco Wholesale
(
Free Report)
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.
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