ERn Financial LLC Purchases 51 Shares of Costco Wholesale Co. (NASDAQ:COST)

ERn Financial LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,091 shares of the retailer’s stock after buying an additional 51 shares during the period. ERn Financial LLC’s holdings in Costco Wholesale were worth $1,916,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. raised its position in shares of Costco Wholesale by 7.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,666 shares of the retailer’s stock valued at $2,443,000 after buying an additional 178 shares during the last quarter. D. Scott Neal Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at $205,000. Armstrong Advisory Group Inc. increased its holdings in Costco Wholesale by 2.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,033 shares of the retailer’s stock valued at $947,000 after acquiring an additional 29 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale in the 4th quarter worth $8,430,000. Finally, ARS Wealth Advisors Group LLC boosted its holdings in shares of Costco Wholesale by 8.9% during the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,754 shares of the retailer’s stock valued at $2,523,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $919.75 on Friday. The stock has a market cap of $408.28 billion, a price-to-earnings ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The firm has a 50-day moving average of $949.72 and a two-hundred day moving average of $900.36. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COST. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Wells Fargo & Company upped their price objective 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. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley increased their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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 Costco Wholesale stock in a transaction 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 completion of 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 SEC, which is available at this hyperlink. 0.18% of the stock is owned by company 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.