Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,385 shares of the retailer’s stock after acquiring an additional 61 shares during the period. Trueblood Wealth Management LLC’s holdings in Costco Wholesale were worth $1,269,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COST. International Assets Investment Management LLC increased its position in Costco Wholesale by 113,947.9% in 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 buying an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Costco Wholesale by 55.7% in the 4th 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 during the period. Pathway Financial Advisers LLC lifted its position in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC boosted its stake in Costco Wholesale by 3.6% during 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 during the period. Finally, Geode Capital Management LLC grew its position in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COST. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Melius Research assumed coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Finally, Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

Shares of COST opened at $943.19 on Tuesday. The company has a 50-day moving average of $949.82 and a two-hundred day moving average of $901.74. The stock 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 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.

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.