Procyon Advisors LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,097 shares of the retailer’s stock after acquiring 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 institutional investors have also modified their holdings of the stock. Fermata Advisors LLC increased its stake in Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares during the last quarter. Sculati Wealth Management LLC grew its holdings in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the period. Perkins Coie Trust Co increased its position 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 raised its holdings in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.
Costco Wholesale Stock Performance
NASDAQ:COST opened at $943.19 on Friday. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business’s fifty day moving average price is $949.84 and its 200 day moving average price is $900.50. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.
Insider Activity
Analyst Upgrades and Downgrades
Several brokerages have weighed in on COST. 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 note on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. Evercore ISI boosted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.
Check Out Our Latest Analysis on Costco Wholesale
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.
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