StoneCrest Wealth Management Inc. Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

StoneCrest Wealth Management Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 596 shares of the retailer’s stock after purchasing an additional 46 shares during the period. StoneCrest Wealth Management Inc.’s holdings in Costco Wholesale were worth $546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter worth about $58,000. Christopher J. Hasenberg Inc raised its position in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC bought a new position in Costco Wholesale during the 3rd quarter valued at about $71,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Melius Research assumed 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $943.19 on Friday. The company 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. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $949.84 and its 200-day simple moving average is $900.50. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Insider Buying and Selling

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 shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

Costco Wholesale 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.