Nisa Investment Advisors LLC Purchases 16,971 Shares of Costco Wholesale Co. (NASDAQ:COST)

Nisa Investment Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,298 shares of the retailer’s stock after buying an additional 16,971 shares during the period. Costco Wholesale comprises 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 23rd biggest position. Nisa Investment Advisors LLC’s holdings in Costco Wholesale were worth $134,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of COST. Traphagen Investment Advisors LLC lifted its position in Costco Wholesale by 1.6% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,544 shares of the retailer’s stock worth $1,415,000 after buying an additional 25 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Costco Wholesale by 3.9% in the fourth quarter. Simon Quick Advisors LLC now owns 3,502 shares of the retailer’s stock worth $3,209,000 after acquiring an additional 132 shares during the last quarter. Capstone Wealth Management LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $284,000. Perfromance Wealth Partners LLC grew its stake in shares of Costco Wholesale by 2.7% during the fourth quarter. Perfromance Wealth Partners LLC now owns 68,813 shares of the retailer’s stock valued at $63,051,000 after purchasing an additional 1,833 shares during the last quarter. Finally, Commons Capital LLC increased its holdings in shares of Costco Wholesale by 2.3% in the fourth quarter. Commons Capital LLC now owns 2,878 shares of the retailer’s stock valued at $2,637,000 after purchasing an additional 66 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.3 %

Shares of NASDAQ:COST opened at $944.70 on Thursday. The firm has a market cap of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company’s fifty day simple moving average is $950.34 and its 200 day simple moving average is $902.74.

Analyst Ratings Changes

A number of brokerages have commented on COST. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.