Founders Grove Wealth Partners LLC Invests $210,000 in Costco Wholesale Co. (NASDAQ:COST)

Founders Grove Wealth Partners LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, Holdings Channel.com reports. The firm bought 229 shares of the retailer’s stock, valued at approximately $210,000.

A number of other 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 valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale during the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc grew its position in Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares during the last quarter. VitalStone Financial LLC acquired a new position in Costco Wholesale in the third quarter worth approximately $71,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Costco Wholesale by 20.8% in the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock valued at $77,000 after buying an additional 15 shares in the last quarter. 68.48% of the stock is 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 current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market cap of $409.94 billion, a PE ratio of 54.23, a PEG ratio of 6.02 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 fifty day simple moving average of $949.23 and a 200 day simple moving average of $900.20.

Insider Transactions at Costco Wholesale

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Jefferies Financial Group lifted their target price 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. Finally, Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.