Shira Ridge Wealth Management Has $1.48 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Shira Ridge Wealth Management boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618 shares of the retailer’s stock after buying an additional 43 shares during the period. Costco Wholesale comprises 0.7% of Shira Ridge Wealth Management’s portfolio, making the stock its 26th largest holding. Shira Ridge Wealth Management’s holdings in Costco Wholesale were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth $58,000. Fairway Wealth LLC raised its stake in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the period. Finally, VitalStone Financial LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at $71,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

NASDAQ COST opened at $917.23 on Wednesday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm’s 50 day moving average is $949.23 and its 200-day moving average is $900.20. The company has a market capitalization of $407.16 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

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.