Sandy Cove Advisors LLC Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sandy Cove Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the 4th quarter, Holdings Channel reports. The firm owned 716 shares of the retailer’s stock after acquiring an additional 26 shares during the period. Sandy Cove Advisors LLC’s holdings in Costco Wholesale were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COST. Riversedge Advisors LLC boosted its stake in Costco Wholesale by 5.4% in the fourth quarter. Riversedge Advisors LLC now owns 917 shares of the retailer’s stock valued at $840,000 after acquiring an additional 47 shares during the last quarter. Sandbox Financial Partners LLC raised its holdings in shares of Costco Wholesale by 7.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 1,987 shares of the retailer’s stock worth $1,820,000 after purchasing an additional 135 shares during the period. Jackson Square Capital LLC lifted its stake in Costco Wholesale by 6.1% in the fourth quarter. Jackson Square Capital LLC now owns 8,201 shares of the retailer’s stock valued at $7,514,000 after purchasing an additional 470 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Costco Wholesale by 4.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 6,254 shares of the retailer’s stock valued at $5,731,000 after purchasing an additional 269 shares during the period. Finally, HB Wealth Management LLC increased its position in Costco Wholesale by 8.4% in the fourth quarter. HB Wealth Management LLC now owns 20,491 shares of the retailer’s stock worth $18,776,000 after buying an additional 1,590 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on COST. Loop Capital increased their price target on 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. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

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

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $943.19 on Monday. The stock has a market capitalization of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a fifty day moving average of $949.82 and a 200-day moving average of $901.47. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

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.