Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,255 shares of the retailer’s stock after buying an additional 1,139 shares during the quarter. Costco Wholesale makes up approximately 3.9% of Barlow Wealth Partners Inc.’s holdings, making the stock its 5th largest holding. Barlow Wealth Partners Inc.’s holdings in Costco Wholesale were worth $30,711,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc lifted its holdings 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 purchasing an additional 56 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $944.70 on Thursday. The business has a fifty day moving average of $950.34 and a 200-day moving average of $902.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The firm has a market cap of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Analyst Ratings Changes

Several equities analysts have commented on COST shares. Morgan Stanley increased their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.