Oak Thistle LLC Takes $1.41 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Oak Thistle LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,539 shares of the retailer’s stock, valued at approximately $1,410,000.

Several other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc grew its position in 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 buying an additional 56 shares during the period. VitalStone Financial LLC purchased a new position in Costco Wholesale in the third quarter valued at $71,000. Finally, Iron Horse Wealth Management LLC raised its position 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 worth $77,000 after acquiring an additional 15 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.7 %

COST stock opened at $923.50 on Thursday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. 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. The firm’s 50 day moving average price is $949.23 and its 200-day moving average price is $900.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Roth Mkm raised their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.