Apella Capital LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Apella Capital LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,950 shares of the retailer’s stock after acquiring an additional 317 shares during the period. Apella Capital LLC’s holdings in Costco Wholesale were worth $2,703,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $58,000. Christopher J. Hasenberg Inc increased its holdings in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares in the last quarter. VitalStone Financial LLC purchased a new position in Costco Wholesale in the 3rd quarter worth about $71,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after acquiring an additional 15 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

Shares of COST opened at $923.50 on Thursday. The firm has a market cap of $409.94 billion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a 50 day simple moving average of $949.23 and a two-hundred day simple moving average of $900.20.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. DA Davidson boosted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets increased their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price 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.