ERn Financial LLC Acquires 51 Shares of Costco Wholesale Co. (NASDAQ:COST)

ERn Financial LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,091 shares of the retailer’s stock after buying an additional 51 shares during the quarter. ERn Financial LLC’s holdings in Costco Wholesale were worth $1,916,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. increased its holdings in shares of Costco Wholesale by 7.2% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,666 shares of the retailer’s stock valued at $2,443,000 after acquiring an additional 178 shares during the period. D. Scott Neal Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at about $205,000. Armstrong Advisory Group Inc. raised its holdings in Costco Wholesale by 2.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,033 shares of the retailer’s stock worth $947,000 after purchasing an additional 29 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at about $8,430,000. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of Costco Wholesale by 8.9% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,754 shares of the retailer’s stock valued at $2,523,000 after buying an additional 226 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.4 %

Shares of NASDAQ:COST opened at $919.75 on Friday. The company has a market capitalization of $408.28 billion, a PE ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The business has a 50 day moving average of $949.72 and a two-hundred day moving average of $900.36. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other Costco Wholesale 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 completion of the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents 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 link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Evercore ISI raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.