D. Scott Neal Inc. Invests $205,000 in Costco Wholesale Co. (NASDAQ:COST)

D. Scott Neal Inc. bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 224 shares of the retailer’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in Costco Wholesale by 2.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,033 shares of the retailer’s stock worth $947,000 after purchasing an additional 29 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale in the fourth quarter worth approximately $8,430,000. ARS Wealth Advisors Group LLC raised its holdings in shares of Costco Wholesale by 8.9% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,754 shares of the retailer’s stock valued at $2,523,000 after acquiring an additional 226 shares during the period. Smith Anglin Financial LLC lifted its position in shares of Costco Wholesale by 3.1% in the 4th quarter. Smith Anglin Financial LLC now owns 1,305 shares of the retailer’s stock valued at $1,196,000 after acquiring an additional 39 shares in the last quarter. Finally, Apella Capital LLC boosted its stake in Costco Wholesale by 12.0% in the 4th quarter. Apella Capital LLC now owns 2,950 shares of the retailer’s stock worth $2,703,000 after purchasing an additional 317 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.4 %

NASDAQ:COST opened at $919.75 on Friday. 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’s 50 day moving average is $949.72 and its 200-day moving average is $900.36. The firm has a market cap of $408.28 billion, a price-to-earnings ratio of 54.01, a P/E/G ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

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.