Annex Advisory Services LLC Purchases 3,896 Shares of Costco Wholesale Co. (NASDAQ:COST)

Annex Advisory Services LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 14.9% in the fourth quarter, HoldingsChannel reports. The fund owned 30,061 shares of the retailer’s stock after buying an additional 3,896 shares during the period. Annex Advisory Services LLC’s holdings in Costco Wholesale were worth $27,544,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Grove Bank & Trust raised its position in shares of Costco Wholesale by 1.6% in the fourth quarter. Grove Bank & Trust now owns 2,857 shares of the retailer’s stock valued at $2,618,000 after buying an additional 45 shares in the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $1,147,000. Cambridge Advisors Inc. raised its holdings in Costco Wholesale by 7.4% in the 4th quarter. Cambridge Advisors Inc. now owns 813 shares of the retailer’s stock valued at $745,000 after acquiring an additional 56 shares in the last quarter. Liberty One Investment Management LLC grew its holdings in shares of 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. Finally, Cadinha & Co. LLC increased its position in shares of Costco Wholesale by 0.4% in the fourth quarter. Cadinha & Co. LLC now owns 39,493 shares of the retailer’s stock worth $36,186,000 after purchasing an additional 157 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ COST opened at $943.19 on Monday. The company 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 company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a fifty day simple moving average of $949.82 and a 200 day simple moving average of $901.47.

Analyst Ratings Changes

Several equities research analysts recently weighed in on COST shares. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets upped their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Truist Financial boosted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the 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 directly owns 27,400 shares in the company, 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 SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.