Ameritas Advisory Services LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,254 shares of the retailer's stock after buying an additional 269 shares during the quarter. Ameritas Advisory Services LLC's holdings in Costco Wholesale were worth $5,731,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock worth $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC lifted its stake in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer's stock worth $8,252,274,000 after buying an additional 324,973 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Legal & General Group Plc grew its position in shares of Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer's stock valued at $3,102,941,000 after purchasing an additional 88,550 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer's stock worth $3,013,394,000 after buying an additional 125,444 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Costco Wholesale Stock Up 2.5 %
COST traded up $23.44 on Friday, 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. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The stock has a 50 day moving average of $949.82 and a two-hundred day moving average of $901.47. The company has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on COST shares. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Oppenheimer reiterated an "outperform" rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Raymond James lifted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Finally, Evercore ISI upped their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,013.59.
Check Out Our Latest Report on Costco Wholesale
Insider Activity at Costco Wholesale
In other news, EVP Richard A. Galanti sold 1,416 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.
Costco Wholesale Company Profile
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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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