Accurate Wealth Management LLC Acquires 42 Shares of Costco Wholesale Co. (NASDAQ:COST)

Accurate Wealth Management LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,123 shares of the retailer’s stock after purchasing an additional 42 shares during the period. Accurate Wealth Management LLC’s holdings in Costco Wholesale were worth $1,052,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sovereign Financial Group Inc. raised its holdings in shares of Costco Wholesale by 0.7% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,715 shares of the retailer’s stock valued at $1,572,000 after purchasing an additional 12 shares during the last quarter. Safeguard Financial LLC grew its position in Costco Wholesale by 15.4% in the 4th quarter. Safeguard Financial LLC now owns 967 shares of the retailer’s stock worth $886,000 after purchasing an additional 129 shares in the last quarter. Fiduciary Financial Group LLC increased its stake in Costco Wholesale by 12.1% in the 4th quarter. Fiduciary Financial Group LLC now owns 314 shares of the retailer’s stock valued at $294,000 after buying an additional 34 shares during the last quarter. Quantum Financial Advisors LLC lifted its position in shares of Costco Wholesale by 8.8% during the 4th quarter. Quantum Financial Advisors LLC now owns 1,299 shares of the retailer’s stock worth $1,191,000 after buying an additional 105 shares in the last quarter. Finally, Cardinal Point Capital Management ULC boosted its stake in shares of Costco Wholesale by 27.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 338 shares of the retailer’s stock worth $310,000 after buying an additional 73 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on 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 in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COST. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Loop Capital lifted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.8 %

Shares of NASDAQ:COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $949.23 and its 200-day moving average price is $900.20. The stock has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

About Costco Wholesale

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.