Zhang Financial LLC Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Zhang Financial LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,527 shares of the retailer’s stock after purchasing an additional 171 shares during the period. Zhang Financial LLC’s holdings in Costco Wholesale were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Costco Wholesale by 7.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 15,668 shares of the retailer’s stock valued at $14,356,000 after purchasing an additional 1,084 shares during the period. Corundum Group Inc. increased its stake in Costco Wholesale by 45.9% in the 4th quarter. Corundum Group Inc. now owns 1,994 shares of the retailer’s stock worth $1,827,000 after acquiring an additional 627 shares during the last quarter. Purus Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Purus Wealth Management LLC now owns 15,694 shares of the retailer’s stock valued at $14,380,000 after acquiring an additional 48 shares in the last quarter. DLK Investment Management LLC boosted its position in shares of Costco Wholesale by 5.1% during the 4th quarter. DLK Investment Management LLC now owns 10,125 shares of the retailer’s stock valued at $9,277,000 after acquiring an additional 487 shares during the last quarter. Finally, True Link Financial Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $347,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $943.19 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a fifty day moving average of $949.82 and a 200 day moving average of $901.74. The stock 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.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of 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. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lifted 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 note on Thursday, December 5th. Nine investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

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.