Flywheel Private Wealth LLC Buys Shares of 408 Costco Wholesale Co. (NASDAQ:COST)

Flywheel Private Wealth LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 408 shares of the retailer's stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $58,000. Christopher J. Hasenberg Inc lifted its position in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock valued at $65,000 after buying an additional 56 shares in the last quarter. VitalStone Financial LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $71,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Costco Wholesale by 20.8% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer's stock worth $77,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 2.5 %

Shares of NASDAQ:COST traded up $23.44 on Friday, hitting $943.19. 2,348,571 shares of the company's stock were exchanged, compared to its average volume of 1,824,019. The business's 50 day simple moving average is $949.84 and its two-hundred day simple moving average is $900.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COST shares. DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale 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.