Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Smith Anglin Financial LLC

Smith Anglin Financial LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,305 shares of the retailer’s stock after buying an additional 39 shares during the period. Smith Anglin Financial LLC’s holdings in Costco Wholesale were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $4,202,000. Mutual of America Capital Management LLC grew its position in Costco Wholesale by 0.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 62,538 shares of the retailer’s stock worth $53,157,000 after purchasing an additional 576 shares during the last quarter. Financial & Tax Architects LLC increased its stake in Costco Wholesale by 19.2% in the second quarter. Financial & Tax Architects LLC now owns 1,586 shares of the retailer’s stock valued at $1,348,000 after purchasing an additional 255 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of Costco Wholesale by 6.4% in the second quarter. E Fund Management Co. Ltd. now owns 6,557 shares of the retailer’s stock valued at $5,573,000 after buying an additional 394 shares during the last quarter. Finally, Meridian Wealth Partners LLC boosted its stake in shares of Costco Wholesale by 8.8% during the second quarter. Meridian Wealth Partners LLC now owns 432 shares of the retailer’s stock worth $367,000 after buying an additional 35 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.7 %

COST stock opened at $923.50 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The firm has a market capitalization of $409.94 billion, a PE ratio of 54.23, a P/E/G ratio of 6.02 and a beta of 0.84. The company’s 50 day simple moving average is $949.23 and its 200-day simple moving average is $900.20.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine investment 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, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This 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. 0.18% of the stock is owned by insiders.

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.