Signal Advisors Wealth LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Signal Advisors Wealth LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,141 shares of the retailer’s stock after purchasing an additional 89 shares during the period. Signal Advisors Wealth LLC’s holdings in Costco Wholesale were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ayrshire Capital Management LLC increased its stake in Costco Wholesale by 0.7% during the 4th quarter. Ayrshire Capital Management LLC now owns 9,385 shares of the retailer’s stock worth $8,599,000 after buying an additional 68 shares in the last quarter. Shira Ridge Wealth Management boosted its stake in shares of Costco Wholesale by 2.7% in the fourth quarter. Shira Ridge Wealth Management now owns 1,618 shares of the retailer’s stock worth $1,483,000 after acquiring an additional 43 shares during the last quarter. Grandview Asset Management LLC increased its position in shares of Costco Wholesale by 4.1% during the fourth quarter. Grandview Asset Management LLC now owns 2,845 shares of the retailer’s stock worth $2,607,000 after purchasing an additional 112 shares in the last quarter. Dale Q Rice Investment Management Ltd acquired a new position in Costco Wholesale in the 4th quarter valued at $984,000. Finally, TPG Financial Advisors LLC lifted its holdings in Costco Wholesale by 46.0% in the 4th quarter. TPG Financial Advisors LLC now owns 435 shares of the retailer’s stock valued at $399,000 after purchasing an additional 137 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine 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, the company has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $917.23 on Wednesday. The stock has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a PEG ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a 50 day moving average price of $949.23 and a 200 day moving average price of $900.20.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on 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 owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.