BNC Wealth Management LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,628 shares of the retailer’s stock after purchasing an additional 187 shares during the period. Costco Wholesale comprises about 2.0% of BNC Wealth Management LLC’s portfolio, making the stock its 11th largest holding. BNC Wealth Management LLC’s holdings in Costco Wholesale were worth $6,073,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after acquiring an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after acquiring an additional 338,489 shares during the last quarter. FMR LLC grew 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 acquiring an additional 324,973 shares during the period. Finally, 1832 Asset Management L.P. increased 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 worth $481,829,000 after purchasing an additional 205,237 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
COST has been the subject of several recent analyst reports. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.
Costco Wholesale Trading Up 2.5 %
Shares of COST opened at $943.19 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The firm has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. The business’s fifty day moving average is $949.82 and its 200-day moving average is $901.47.
Insider Activity at Costco Wholesale
In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.
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.
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