Apella Capital LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Apella Capital LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,950 shares of the retailer’s stock after purchasing an additional 317 shares during the period. Apella Capital LLC’s holdings in Costco Wholesale were worth $2,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc lifted its position in shares of Costco Wholesale by 329.4% during the third 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. VitalStone Financial LLC bought a new position in shares of Costco Wholesale in the third quarter worth $71,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Costco Wholesale by 20.8% in the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated 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 $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on COST shares. Jefferies Financial Group raised their target price on 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. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. 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 report on Friday, December 13th. Finally, The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 0.7 %

COST opened at $923.50 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $409.94 billion, a PE ratio of 54.23, a PEG ratio of 6.02 and a beta of 0.84. The business has a 50 day moving average of $949.23 and a 200-day moving average of $900.20.

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.