Burns J W & Co. Inc. NY reduced its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,176 shares of the retailer’s stock after selling 53 shares during the quarter. Costco Wholesale accounts for about 1.7% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its 16th largest holding. Burns J W & Co. Inc. NY’s holdings in Costco Wholesale were worth $12,989,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new position in Costco Wholesale in the 3rd quarter worth $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.
Costco Wholesale Price Performance
Costco Wholesale stock opened at $924.70 on Tuesday. The company has a market capitalization of $410.47 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 6.02 and a beta of 0.84. The stock’s 50 day moving average is $948.69 and its 200-day moving average is $899.73. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.
Costco Wholesale Dividend Announcement
Insiders Place Their Bets
In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was 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 owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus boosted their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets upped their price target 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. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.
Check Out Our Latest Report on COST
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.
Read More
- Five stocks we like better than Costco Wholesale
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- Why Invest in 5G? How to Invest in 5G Stocks
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- 5 discounted opportunities for dividend growth investors
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.