Smart Money Group LLC Has $803,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Smart Money Group LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 876 shares of the retailer’s stock after buying an additional 42 shares during the quarter. Smart Money Group LLC’s holdings in Costco Wholesale were worth $803,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Successful Portfolios LLC raised its holdings in shares of Costco Wholesale by 3.1% in the fourth quarter. Successful Portfolios LLC now owns 571 shares of the retailer’s stock valued at $523,000 after buying an additional 17 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Costco Wholesale by 14.9% in the fourth quarter. Annex Advisory Services LLC now owns 30,061 shares of the retailer’s stock worth $27,544,000 after acquiring an additional 3,896 shares during the last quarter. Grove Bank & Trust lifted its position in shares of Costco Wholesale by 1.6% during the fourth quarter. Grove Bank & Trust now owns 2,857 shares of the retailer’s stock worth $2,618,000 after purchasing an additional 45 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $1,147,000. Finally, Cambridge Advisors Inc. increased its holdings in shares of Costco Wholesale by 7.4% in the fourth quarter. Cambridge Advisors Inc. now owns 813 shares of the retailer’s stock valued at $745,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Evercore ISI increased their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Loop Capital raised their price target 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. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $943.19 on Tuesday. 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 firm has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The stock’s 50-day moving average is $949.82 and its 200-day moving average is $901.74.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on 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 sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

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.