Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,623 shares of the retailer’s stock after purchasing an additional 36 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Costco Wholesale were worth $6,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthquest Corp raised its stake in shares of Costco Wholesale by 6.0% in the 4th quarter. Wealthquest Corp now owns 351 shares of the retailer’s stock valued at $322,000 after acquiring an additional 20 shares during the period. Cove Private Wealth LLC increased its holdings in Costco Wholesale by 69.1% in the 4th quarter. Cove Private Wealth LLC now owns 1,995 shares of the retailer’s stock valued at $1,828,000 after purchasing an additional 815 shares in the last quarter. Zhang Financial LLC raised its position in Costco Wholesale by 12.6% in the fourth quarter. Zhang Financial LLC now owns 1,527 shares of the retailer’s stock valued at $1,399,000 after purchasing an additional 171 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Costco Wholesale by 7.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 15,668 shares of the retailer’s stock worth $14,356,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Corundum Group Inc. boosted its position in shares of Costco Wholesale by 45.9% in the fourth quarter. Corundum Group Inc. now owns 1,994 shares of the retailer’s stock worth $1,827,000 after buying an additional 627 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.5 %

Shares of Costco Wholesale stock opened at $947.73 on Wednesday. The stock has a market capitalization of $420.70 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $950.03 and its 200-day simple moving average is $902.31.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup boosted 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. Wells Fargo & Company boosted their target price on shares of 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. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets boosted their price target on 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. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.