Nisa Investment Advisors LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,298 shares of the retailer’s stock after buying an additional 16,971 shares during the quarter. Costco Wholesale makes up 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 23rd largest position. Nisa Investment Advisors LLC’s holdings in Costco Wholesale were worth $134,965,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the third quarter worth about $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the fourth quarter worth approximately $58,000. Finally, Christopher J. Hasenberg Inc raised its stake in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on COST. Jefferies Financial Group lifted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. 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.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.
Costco Wholesale Stock Performance
NASDAQ:COST opened at $944.70 on Thursday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. 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 stock’s 50-day simple moving average is $950.34 and its 200 day simple moving average is $902.74. The firm has a market capitalization of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.
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.
Recommended Stories
- Five stocks we like better than Costco Wholesale
- 5 discounted opportunities for dividend growth investors
- Oracle Announces Game-Changing News for the AI Industry
- What is a support level?
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- What is the S&P 500 and How It is Distinct from Other Indexes
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.