Corundum Group Inc. Has $1.83 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Corundum Group Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST) by 45.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,994 shares of the retailer’s stock after acquiring an additional 627 shares during the period. Corundum Group Inc.’s holdings in Costco Wholesale were worth $1,827,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Purus Wealth Management LLC increased its holdings in Costco Wholesale by 0.3% in the 4th quarter. Purus Wealth Management LLC now owns 15,694 shares of the retailer’s stock valued at $14,380,000 after buying an additional 48 shares during the period. DLK Investment Management LLC boosted its position in shares of Costco Wholesale by 5.1% during the 4th quarter. DLK Investment Management LLC now owns 10,125 shares of the retailer’s stock valued at $9,277,000 after acquiring an additional 487 shares in the last quarter. True Link Financial Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at about $347,000. Strong Tower Advisory Services raised its position in Costco Wholesale by 5.0% in the fourth quarter. Strong Tower Advisory Services now owns 2,872 shares of the retailer’s stock worth $2,631,000 after purchasing an additional 138 shares in the last quarter. Finally, Wealth Management Partners LLC lifted its stake in Costco Wholesale by 3.8% during the fourth quarter. Wealth Management Partners LLC now owns 3,125 shares of the retailer’s stock worth $2,863,000 after purchasing an additional 114 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Truist Financial increased their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 2.5 %

NASDAQ:COST opened at $943.19 on Tuesday. 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 1-year low of $675.96 and a 1-year high of $1,008.25. The firm has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The business’s 50-day moving average price is $949.82 and its two-hundred day moving average price is $901.74.

About Costco Wholesale

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.