Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,097 shares of the retailer's stock after buying an additional 957 shares during the quarter. Procyon Advisors LLC's holdings in Costco Wholesale were worth $9,252,000 at the end of the most recent reporting period.

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

Costco Wholesale Price Performance

Shares of NASDAQ:COST traded up $23.44 during trading on Friday, reaching $943.19. 2,367,034 shares of the company's stock traded hands, compared to its average volume of 1,832,091. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. 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 quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $949.82 and a 200-day simple moving average of $901.17.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 27,400 shares of the company's stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COST shares. 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 report on Thursday, December 12th. Oppenheimer reissued an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 price target on the stock. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,013.59.

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.