Cypress Wealth Services LLC Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cypress Wealth Services LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,893 shares of the retailer’s stock after purchasing an additional 73 shares during the period. Cypress Wealth Services LLC’s holdings in Costco Wholesale were worth $3,567,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale during the fourth quarter worth about $58,000. Christopher J. Hasenberg Inc raised its position in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $943.19 on Friday. 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 stock’s 50 day simple moving average is $949.84 and its 200 day simple moving average is $900.50. The firm has a market cap 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 1 year low of $675.96 and a 1 year high of $1,008.25.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Evercore ISI lifted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen increased 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. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. 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 company insiders.

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.