Purus Wealth Management LLC Purchases 48 Shares of Costco Wholesale Co. (NASDAQ:COST)

Purus Wealth Management LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,694 shares of the retailer’s stock after purchasing an additional 48 shares during the quarter. Costco Wholesale makes up 5.7% of Purus Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Purus Wealth Management LLC’s holdings in Costco Wholesale were worth $14,380,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. DLK Investment Management LLC raised its position in Costco Wholesale by 5.1% in the 4th quarter. DLK Investment Management LLC now owns 10,125 shares of the retailer’s stock valued at $9,277,000 after purchasing an additional 487 shares during the last quarter. True Link Financial Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $347,000. Strong Tower Advisory Services increased its position in Costco Wholesale by 5.0% in the 4th quarter. Strong Tower Advisory Services now owns 2,872 shares of the retailer’s stock valued at $2,631,000 after acquiring an additional 138 shares during the period. Wealth Management Partners LLC raised its stake in Costco Wholesale by 3.8% during the 4th quarter. Wealth Management Partners LLC now owns 3,125 shares of the retailer’s stock valued at $2,863,000 after acquiring an additional 114 shares during the last quarter. Finally, M.E. Allison & CO. Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $741,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $943.19 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The business has a fifty day moving average of $949.82 and a 200-day moving average of $901.74. The stock has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COST. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, BMO Capital Markets boosted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the firm’s 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

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.