Costco Wholesale Co. (NASDAQ:COST) Stake Lifted by Grandview Asset Management LLC

Grandview Asset Management LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,845 shares of the retailer’s stock after acquiring an additional 112 shares during the period. Costco Wholesale makes up about 1.0% of Grandview Asset Management LLC’s holdings, making the stock its 25th largest holding. Grandview Asset Management LLC’s holdings in Costco Wholesale were worth $2,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dale Q Rice Investment Management Ltd bought a new position in Costco Wholesale during the 4th quarter worth $984,000. TPG Financial Advisors LLC grew its stake in Costco Wholesale by 46.0% during the 4th quarter. TPG Financial Advisors LLC now owns 435 shares of the retailer’s stock worth $399,000 after buying an additional 137 shares during the last quarter. Gunderson Capital Management Inc. grew its stake in Costco Wholesale by 19.3% during the 4th quarter. Gunderson Capital Management Inc. now owns 519 shares of the retailer’s stock worth $475,000 after buying an additional 84 shares during the last quarter. Traveka Wealth LLC grew its stake in shares of Costco Wholesale by 139.9% in the fourth quarter. Traveka Wealth LLC now owns 1,761 shares of the retailer’s stock worth $1,614,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Unique Wealth LLC increased its holdings in shares of Costco Wholesale by 13.4% during the fourth quarter. Unique Wealth LLC now owns 857 shares of the retailer’s stock valued at $786,000 after purchasing an additional 101 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Jefferies Financial Group raised their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insiders Place Their Bets

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 value 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 approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.8 %

NASDAQ:COST opened at $917.23 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The firm has a market capitalization of $407.16 billion, a price-to-earnings ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The stock has a fifty day simple moving average of $949.23 and a 200 day simple moving average of $900.20.

Costco Wholesale 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.