Quantum Financial Advisors LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Quantum Financial Advisors LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,299 shares of the retailer’s stock after purchasing an additional 105 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Costco Wholesale were worth $1,191,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in Costco Wholesale in the second quarter worth $4,202,000. Wulff Hansen & CO. boosted its holdings in shares of Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after buying an additional 1,473,248 shares in the last quarter. WealthPLAN Partners LLC boosted its holdings in shares of Costco Wholesale by 3.8% during the 2nd quarter. WealthPLAN Partners LLC now owns 15,269 shares of the retailer’s stock valued at $12,979,000 after buying an additional 558 shares in the last quarter. Luts & Greenleigh Group Inc. purchased a new stake in shares of Costco Wholesale in the 2nd quarter worth about $9,043,000. Finally, Moors & Cabot Inc. increased its stake in shares of Costco Wholesale by 12.3% in the 2nd quarter. Moors & Cabot Inc. now owns 10,236 shares of the retailer’s stock worth $8,701,000 after acquiring an additional 1,122 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on COST. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’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 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 approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.8 %

COST stock opened at $917.23 on Wednesday. The company has a market cap of $407.16 billion, a price-to-earnings ratio of 53.86, a P/E/G ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The business’s 50-day moving average is $949.23 and its two-hundred day moving average is $900.20. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

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.