Merit Financial Group LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,842 shares of the retailer's stock after purchasing an additional 2,912 shares during the quarter. Merit Financial Group LLC's holdings in Costco Wholesale were worth $17,264,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Fermata Advisors LLC raised its holdings 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 in the last quarter. Sculati Wealth Management LLC increased its position 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 last quarter. Sivia Capital Partners LLC raised its holdings in Costco Wholesale by 0.3% during 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 in the last quarter. Perkins Coie Trust Co lifted its position in shares of Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock worth $4,144,000 after buying an additional 12 shares during the last quarter. Finally, Firethorn Wealth Partners LLC boosted its stake in shares of Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock worth $318,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.
Insider Activity
In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on COST. Tigress Financial reissued a "buy" rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. 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. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Oppenheimer reiterated an "outperform" rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Melius Research started coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a "hold" rating and a $950.00 target price for the company. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.
Read Our Latest Stock Report on Costco Wholesale
Costco Wholesale Price Performance
COST stock traded up $23.44 during trading on Friday, hitting $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 fifty day moving average price of $949.82 and a two-hundred day moving average price of $901.47. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G 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.
About Costco Wholesale
(
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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