Constitution Capital LLC Acquires 2,599 Shares of Costco Wholesale Co. (NASDAQ:COST)

Constitution Capital LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 462.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,161 shares of the retailer's stock after buying an additional 2,599 shares during the quarter. Costco Wholesale accounts for 1.6% of Constitution Capital LLC's portfolio, making the stock its 18th largest position. Constitution Capital LLC's holdings in Costco Wholesale were worth $2,896,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $58,000. Christopher J. Hasenberg Inc boosted its stake in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock valued at $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at $71,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 2.5 %

Shares of COST traded up $23.44 during midday trading on Friday, hitting $943.19. The stock had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The business has a 50-day simple moving average of $949.84 and a two-hundred day simple moving average of $900.50. The firm has a market cap of $418.68 billion, a P/E ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Stifel Nicolaus upped 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 note 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 research note on Thursday, January 9th. Finally, Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,013.59.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of 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 can be accessed through this link. 0.18% of the stock is owned by 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.