Capital Planning LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Capital Planning LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 28.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,756 shares of the retailer’s stock after purchasing an additional 837 shares during the quarter. Costco Wholesale accounts for 0.9% of Capital Planning LLC’s portfolio, making the stock its 27th largest position. Capital Planning LLC’s holdings in Costco Wholesale were worth $3,441,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the third quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at $58,000. Christopher J. Hasenberg Inc boosted its stake in Costco Wholesale by 329.4% during 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 during the last quarter. Finally, VitalStone Financial LLC acquired a new position in Costco Wholesale during the 3rd quarter worth $71,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 2.5 %

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 P/E/G 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 company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $949.84 and a 200 day simple moving average of $900.50.

Analyst Ratings Changes

A number of research firms recently commented on COST. Evercore ISI lifted their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. 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 note on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets lifted their price target on shares of 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 investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

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 transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate 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.