Platte River Wealth Advisors LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 21.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,262 shares of the retailer’s stock after purchasing an additional 225 shares during the period. Platte River Wealth Advisors LLC’s holdings in Costco Wholesale were worth $679,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale during the fourth quarter worth $26,000. Agur Provident & Training Funds Management Ltd. acquired a new position in shares of Costco Wholesale during the 1st quarter valued at about $42,000. 25 LLC bought a new position in shares of Costco Wholesale in the 1st quarter valued at approximately $44,000. Piscataqua Savings Bank lifted its holdings in Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after purchasing an additional 22 shares during the last quarter. Finally, Guardian Wealth Advisors LLC bought a new stake in Costco Wholesale during the first quarter worth approximately $47,000. Hedge funds and other institutional investors own 66.31% of the company’s stock.
Costco Wholesale Stock Performance
NASDAQ:COST opened at $556.36 on Friday. The firm has a market capitalization of $246.52 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 4.17 and a beta of 0.79. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 12-month low of $447.90 and a 12-month high of $571.16. The firm has a 50-day moving average price of $550.58 and a 200 day moving average price of $518.87.
Costco Wholesale Announces Dividend
Wall Street Analyst Weigh In
COST has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. Evercore ISI boosted their target price on shares of Costco Wholesale from $595.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Jefferies Financial Group raised their price target on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. StockNews.com began coverage on Costco Wholesale in a research report on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, Telsey Advisory Group restated an “outperform” rating and set a $575.00 target price on shares of Costco Wholesale in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $566.63.
Insider Buying and Selling
In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the sale, the director now directly owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% 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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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