RDA Financial Network Increases Stake in Costco Wholesale Co. (NASDAQ:COST)

RDA Financial Network boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,012 shares of the retailer's stock after buying an additional 607 shares during the period. Costco Wholesale makes up about 1.1% of RDA Financial Network's investment portfolio, making the stock its 19th largest holding. RDA Financial Network's holdings in Costco Wholesale were worth $3,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $58,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $58,000. Christopher J. Hasenberg Inc raised its stake in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC bought a new position in shares of Costco Wholesale during the third quarter valued at $71,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Up 2.5 %

Shares of COST traded up $23.44 during midday trading on Friday, reaching $943.19. 2,367,034 shares of the stock were exchanged, compared to its average volume of 1,832,091. The company has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a PEG 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. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company's 50 day moving average is $949.82 and its two-hundred day moving average is $901.17.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, 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 the SEC website. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. 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 report on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Company 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.