Enclave Advisors LLC Buys 26 Shares of Costco Wholesale Co. (NASDAQ:COST)

Enclave Advisors LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,152 shares of the retailer’s stock after buying an additional 26 shares during the period. Enclave Advisors LLC’s holdings in Costco Wholesale were worth $1,056,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the 4th quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the fourth quarter worth about $58,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on COST shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $944.70 on Thursday. The stock has a 50-day moving average price of $950.34 and a 200 day moving average price of $902.74. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock has a market capitalization of $419.35 billion, a P/E ratio of 55.47, a P/E/G ratio of 5.63 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.