BNC Wealth Management LLC Purchases 187 Shares of Costco Wholesale Co. (NASDAQ:COST)

BNC Wealth Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,628 shares of the retailer’s stock after purchasing an additional 187 shares during the quarter. Costco Wholesale makes up about 2.0% of BNC Wealth Management LLC’s portfolio, making the stock its 11th largest position. BNC Wealth Management LLC’s holdings in Costco Wholesale were worth $6,073,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Costco Wholesale by 62.8% during the third 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 purchasing an additional 932 shares during the period. Hudson Value Partners LLC increased its holdings in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group increased 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 research report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Up 2.5 %

Costco Wholesale stock opened at $943.19 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The firm has a 50 day moving average price of $949.82 and a 200-day moving average price of $901.47. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25.

Costco Wholesale Company 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.