Costco Wholesale Co. (NASDAQ:COST) Stock Position Lifted by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,666 shares of the retailer’s stock after purchasing an additional 178 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Costco Wholesale were worth $2,443,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc raised its holdings in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares in the last quarter. VitalStone Financial LLC acquired a new stake in Costco Wholesale in the third quarter worth approximately $71,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

COST has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price 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. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Nine 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 presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

COST stock opened at $919.75 on Friday. The firm has a 50 day moving average of $949.72 and a two-hundred day moving average of $900.36. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a market capitalization 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. 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 Company 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.