KMG Fiduciary Partners LLC Acquires 501 Shares of Costco Wholesale Co. (NASDAQ:COST)

KMG Fiduciary Partners LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,666 shares of the retailer's stock after purchasing an additional 501 shares during the quarter. Costco Wholesale accounts for approximately 0.8% of KMG Fiduciary Partners LLC's investment portfolio, making the stock its 27th biggest position. KMG Fiduciary Partners LLC's holdings in Costco Wholesale were worth $9,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter valued at $4,202,000. Beck Bode LLC grew its holdings in shares of Costco Wholesale by 1.7% during the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer's stock worth $13,563,000 after purchasing an additional 260 shares during the last quarter. ProVise Management Group LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $250,000. Brighton Jones LLC raised its holdings in Costco Wholesale by 1.9% in the 2nd quarter. Brighton Jones LLC now owns 18,950 shares of the retailer's stock valued at $16,107,000 after buying an additional 346 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in Costco Wholesale by 5.2% during the 2nd quarter. Ieq Capital LLC now owns 63,897 shares of the retailer's stock worth $54,312,000 after buying an additional 3,179 shares during the period. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Up 2.5 %

Shares of COST stock traded up $23.44 during trading hours on Friday, reaching $943.19. The company had a trading volume of 2,367,034 shares, compared to its average volume of 1,832,091. The company has a market cap 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. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The business has a fifty day simple moving average of $949.82 and a 200-day simple moving average of $901.17.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. StockNews.com downgraded Costco Wholesale from a "buy" rating to a "hold" rating in a report on Friday, September 27th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Oppenheimer restated an "outperform" rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus target price of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction 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 owns 27,400 shares in the company, valued at $24,514,232. This 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. 0.18% of the stock is currently owned by 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.