StrongBox Wealth LLC Purchases 86 Shares of Costco Wholesale Co. (NASDAQ:COST)

StrongBox Wealth LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,053 shares of the retailer’s stock after acquiring an additional 86 shares during the quarter. Costco Wholesale comprises approximately 2.3% of StrongBox Wealth LLC’s holdings, making the stock its 14th biggest position. StrongBox Wealth LLC’s holdings in Costco Wholesale were worth $5,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares during the last quarter. Hudson Value Partners LLC grew its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new stake in Costco Wholesale in the third quarter worth about $20,056,000. Finally, GAMMA Investing LLC boosted its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $919.75 on Friday. The business has a 50 day moving average of $949.72 and a 200 day moving average of $900.36. The company has a market capitalization of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction 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 transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COST. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, January 9th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, DA Davidson increased their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.