Cypress Wealth Services LLC Buys 73 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cypress Wealth Services LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,893 shares of the retailer’s stock after buying an additional 73 shares during the quarter. Cypress Wealth Services LLC’s holdings in Costco Wholesale were worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $58,000. Christopher J. Hasenberg Inc increased its stake in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new position in Costco Wholesale during the 3rd quarter valued at about $71,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’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 transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 2.5 %

Shares of COST stock opened at $943.19 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company’s fifty day moving average price is $949.84 and its 200-day moving average price is $900.50. The company has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COST shares. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Melius Research assumed coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target for the company. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.