Founders Grove Wealth Partners LLC Takes $210,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Founders Grove Wealth Partners LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 229 shares of the retailer’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of 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 valued at $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC raised its position in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Costco Wholesale by 56.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer’s stock valued at $481,829,000 after buying an additional 205,237 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.7 %

COST opened at $923.50 on Thursday. The stock’s 50 day moving average price is $949.23 and its 200 day moving average price is $900.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The stock 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COST shares. Evercore ISI upped their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

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.