Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,794 shares of the retailer's stock after buying an additional 918 shares during the period. Ritholtz Wealth Management's holdings in Costco Wholesale were worth $18,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale in the 4th quarter worth approximately $58,000. Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer's stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth approximately $71,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Price Performance

NASDAQ COST traded up $23.44 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 market capitalization of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The company's fifty day moving average price is $949.82 and its 200-day moving average price is $901.17. 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.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent analyst reports. Tigress Financial reiterated a "buy" rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research note 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. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted 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 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.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $1,013.59.

Insider Transactions 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 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. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

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.