Costco Wholesale (NASDAQ:COST) Stock Price Up 0.2% – Here’s Why

Costco Wholesale Co. (NASDAQ:COST) was up 0.2% during mid-day trading on Thursday . The company traded as high as $926.67 and last traded at $925.49. Approximately 241,500 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,721,430 shares. The stock had previously closed at $923.50.

Wall Street Analyst Weigh In

COST has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Melius Research started coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Finally, Truist Financial boosted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.5 %

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 firm has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The company’s 50-day moving average is $949.84 and its 200-day moving average is $900.50.

Insider Buying and Selling

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

Institutional Investors Weigh In On Costco Wholesale

Hedge funds have recently bought and sold shares of the company. Fermata Advisors LLC lifted its holdings in Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares in the last quarter. Sculati Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC raised its holdings in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares during the period. Finally, Scott Capital Advisors LLC lifted its stake in Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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.