Diversify Wealth Management LLC Has $9.38 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Diversify Wealth Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 27.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,007 shares of the retailer’s stock after acquiring an additional 2,172 shares during the quarter. Costco Wholesale makes up approximately 0.7% of Diversify Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Diversify Wealth Management LLC’s holdings in Costco Wholesale were worth $9,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc boosted 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 acquiring an additional 56 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.19 on Tuesday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s fifty day moving average is $949.82 and its two-hundred day moving average is $901.74.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COST. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale 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.