TPG Financial Advisors LLC Purchases 137 Shares of Costco Wholesale Co. (NASDAQ:COST)

TPG Financial Advisors LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 46.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 435 shares of the retailer’s stock after acquiring an additional 137 shares during the quarter. TPG Financial Advisors LLC’s holdings in Costco Wholesale were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gunderson Capital Management Inc. grew its position in Costco Wholesale by 19.3% in the 4th quarter. Gunderson Capital Management Inc. now owns 519 shares of the retailer’s stock valued at $475,000 after acquiring an additional 84 shares during the last quarter. Traveka Wealth LLC boosted its stake in shares of Costco Wholesale by 139.9% during the fourth quarter. Traveka Wealth LLC now owns 1,761 shares of the retailer’s stock valued at $1,614,000 after purchasing an additional 1,027 shares during the period. Unique Wealth LLC increased its stake in Costco Wholesale by 13.4% in the 4th quarter. Unique Wealth LLC now owns 857 shares of the retailer’s stock worth $786,000 after buying an additional 101 shares during the period. Pinnacle Wealth Management Group Inc. purchased a new position in Costco Wholesale in the 4th quarter worth about $243,000. Finally, Granite Bay Wealth Management LLC lifted its holdings in Costco Wholesale by 3.3% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,326 shares of the retailer’s stock valued at $1,215,000 after buying an additional 42 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.8 %

NASDAQ:COST opened at $917.23 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a market cap of $407.16 billion, a PE ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84. The company’s 50 day moving average is $949.23 and its two-hundred day moving average is $900.20.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus lifted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares in the company, 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 link. Insiders own 0.18% of the company’s stock.

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.