Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Howard Financial Services LTD.

Howard Financial Services LTD. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.6% in the fourth quarter, HoldingsChannel reports. The fund owned 897 shares of the retailer’s stock after purchasing an additional 31 shares during the period. Howard Financial Services LTD.’s holdings in Costco Wholesale were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $58,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc grew its stake in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors 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 company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 2.5 %

COST opened at $943.19 on Friday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $949.82 and a 200-day simple moving average of $901.17. The firm has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COST shares. Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Loop Capital increased their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.