Winch Advisory Services LLC Has $2.96 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Winch Advisory Services LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,235 shares of the retailer’s stock after buying an additional 31 shares during the quarter. Costco Wholesale comprises 0.8% of Winch Advisory Services LLC’s investment portfolio, making the stock its 25th largest holding. Winch Advisory Services LLC’s holdings in Costco Wholesale were worth $2,964,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rovin Capital UT ADV raised its stake in Costco Wholesale by 18.1% during the 4th quarter. Rovin Capital UT ADV now owns 359 shares of the retailer’s stock valued at $329,000 after purchasing an additional 55 shares during the last quarter. Smith Thornton Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $269,000. Outlook Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $218,000. ERn Financial LLC lifted its stake in shares of Costco Wholesale by 2.5% in the fourth quarter. ERn Financial LLC now owns 2,091 shares of the retailer’s stock valued at $1,916,000 after buying an additional 51 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its position in Costco Wholesale by 7.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,666 shares of the retailer’s stock worth $2,443,000 after buying an additional 178 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s 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 transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on COST shares. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

COST stock opened at $919.75 on Friday. The company has a 50 day moving average price of $949.72 and a 200 day moving average price of $900.36. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week 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. The stock has a market capitalization of $408.28 billion, a PE ratio of 54.01, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

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.