Costco Wholesale Co. (NASDAQ:COST) is Cadinha & Co. LLC’s 2nd Largest Position

Cadinha & Co. LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,493 shares of the retailer’s stock after purchasing an additional 157 shares during the period. Costco Wholesale accounts for approximately 6.0% of Cadinha & Co. LLC’s investment portfolio, making the stock its 2nd biggest holding. Cadinha & Co. LLC’s holdings in Costco Wholesale were worth $36,186,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. DA Davidson increased their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.5 %

COST stock opened at $943.19 on Monday. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year 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. The firm’s 50 day moving average price is $949.82 and its 200-day moving average price is $901.47.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.