Trueblood Wealth Management LLC Has $1.27 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Trueblood Wealth Management LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,385 shares of the retailer’s stock after purchasing an additional 61 shares during the period. Trueblood Wealth Management LLC’s holdings in Costco Wholesale were worth $1,269,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in COST. Scott Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after acquiring an additional 11 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Costco Wholesale by 1.1% during the fourth quarter. Diversify Advisory Services LLC now owns 23,751 shares of the retailer’s stock valued at $22,253,000 after purchasing an additional 268 shares during the last quarter. Diversify Wealth Management LLC grew its stake in Costco Wholesale by 27.7% in the fourth quarter. Diversify Wealth Management LLC now owns 10,007 shares of the retailer’s stock valued at $9,376,000 after purchasing an additional 2,172 shares in the last quarter. Terra Nova Asset Management LLC increased its position in Costco Wholesale by 0.7% in the 4th quarter. Terra Nova Asset Management LLC now owns 3,376 shares of the retailer’s stock worth $3,093,000 after purchasing an additional 25 shares during the last quarter. Finally, Smart Money Group LLC raised its stake in shares of Costco Wholesale by 5.0% during the 4th quarter. Smart Money Group LLC now owns 876 shares of the retailer’s stock worth $803,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’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 sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Sanford C. Bernstein initiated coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Nine equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 2.5 %

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

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.