Atomi Financial Group Inc. Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Atomi Financial Group Inc. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,099 shares of the retailer’s stock after buying an additional 666 shares during the period. Atomi Financial Group Inc.’s holdings in Costco Wholesale were worth $9,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COST. Renaissance Technologies LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $4,202,000. Beck Bode LLC increased its position in shares of Costco Wholesale by 1.7% during the second quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after acquiring an additional 260 shares during the last quarter. Royal Capital Wealth Management LLC raised its stake in shares of Costco Wholesale by 20.8% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 871 shares of the retailer’s stock valued at $740,000 after acquiring an additional 150 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Costco Wholesale by 11.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,385 shares of the retailer’s stock worth $4,318,000 after acquiring an additional 572 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $1,016,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Evercore ISI raised their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $944.70 on Thursday. The stock’s 50-day moving average is $950.34 and its two-hundred day moving average is $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 1 year low of $675.96 and a 1 year high of $1,008.25. The firm has a market cap of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84.

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.