Goldstone Financial Group LLC Buys 51 Shares of Costco Wholesale Co. (NASDAQ:COST)

Goldstone Financial Group LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 596 shares of the retailer’s stock after buying an additional 51 shares during the quarter. Goldstone Financial Group LLC’s holdings in Costco Wholesale were worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COST. Charles Schwab Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares in the last quarter. Hudson Value Partners LLC increased its position in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the fourth quarter valued at about $8,430,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $943.19 on Friday. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $949.84 and a 200-day moving average price of $900.50. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of analyst reports. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.