Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,830 shares of the retailer's stock after purchasing an additional 3,014 shares during the quarter. Park Avenue Securities LLC's holdings in Costco Wholesale were worth $21,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of COST. Fermata Advisors LLC raised its position in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock valued at $1,745,000 after purchasing an additional 11 shares during the period. Sculati Wealth Management LLC lifted its holdings in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC raised its stake in Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after buying an additional 11 shares during the last quarter. Perkins Coie Trust Co boosted its position in Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock valued at $4,144,000 after buying an additional 12 shares during the last quarter. Finally, Firethorn Wealth Partners LLC lifted its holdings in Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock valued at $318,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 0.2 %

Shares of Costco Wholesale stock traded down $1.49 on Thursday, hitting $922.01. The company had a trading volume of 88,708 shares, compared to its average volume of 1,709,094. The stock has a market capitalization of $409.28 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50 day moving average of $949.23 and a 200-day moving average of $900.20.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COST. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Evercore ISI boosted their target price on shares of 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. Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,013.59.

About Costco Wholesale

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.