Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,830 shares of the retailer’s stock after buying an additional 3,014 shares during the quarter. Park Avenue Securities LLC’s holdings in Costco Wholesale were worth $21,835,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC boosted its holdings in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares in the last quarter. Legal & General Group Plc lifted its position in Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after purchasing an additional 88,550 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of several analyst reports. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. DA Davidson lifted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Up 0.7 %

Shares of NASDAQ:COST opened at $923.50 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a market cap of $409.94 billion, a P/E ratio of 54.23, a P/E/G ratio of 6.02 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’s 50-day moving average price is $949.23 and its two-hundred day moving average price is $900.20.

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.