Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Successful Portfolios LLC

Successful Portfolios LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571 shares of the retailer’s stock after acquiring an additional 17 shares during the period. Successful Portfolios LLC’s holdings in Costco Wholesale were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Annex Advisory Services LLC lifted its holdings in Costco Wholesale by 14.9% during the 4th quarter. Annex Advisory Services LLC now owns 30,061 shares of the retailer’s stock worth $27,544,000 after buying an additional 3,896 shares in the last quarter. Grove Bank & Trust increased its position in shares of Costco Wholesale by 1.6% during the fourth quarter. Grove Bank & Trust now owns 2,857 shares of the retailer’s stock worth $2,618,000 after acquiring an additional 45 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $1,147,000. Cambridge Advisors Inc. boosted its holdings in Costco Wholesale by 7.4% in the fourth quarter. Cambridge Advisors Inc. now owns 813 shares of the retailer’s stock valued at $745,000 after purchasing an additional 56 shares during the period. Finally, Liberty One Investment Management LLC grew its stake in Costco Wholesale by 2.8% during the 4th quarter. Liberty One Investment Management LLC now owns 5,450 shares of the retailer’s stock worth $4,994,000 after purchasing an additional 149 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated 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 in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $943.19 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $949.82 and its two-hundred day moving average is $901.47. The stock 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. 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 several recent research reports. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Melius Research began coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price for the company. Finally, Evercore ISI raised their price target on 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.