Constitution Capital LLC Has $2.90 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Constitution Capital LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 462.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,161 shares of the retailer’s stock after purchasing an additional 2,599 shares during the period. Costco Wholesale comprises about 1.6% of Constitution Capital LLC’s investment portfolio, making the stock its 18th largest position. Constitution Capital LLC’s holdings in Costco Wholesale were worth $2,896,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COST. Certified Advisory Corp raised its position in Costco Wholesale by 1.5% in the fourth quarter. Certified Advisory Corp now owns 7,099 shares of the retailer’s stock worth $6,505,000 after purchasing an additional 104 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its holdings in shares of Costco Wholesale by 3.4% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 2,010 shares of the retailer’s stock worth $1,842,000 after buying an additional 67 shares in the last quarter. Fermata Advisors LLC lifted its position in shares of Costco Wholesale by 7.5% during the 4th quarter. Fermata Advisors LLC now owns 2,115 shares of the retailer’s stock worth $1,938,000 after buying an additional 147 shares during the period. Cypress Wealth Services LLC boosted its stake in Costco Wholesale by 1.9% in the 4th quarter. Cypress Wealth Services LLC now owns 3,893 shares of the retailer’s stock valued at $3,567,000 after buying an additional 73 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Costco Wholesale by 4.9% in the fourth quarter. Ritholtz Wealth Management now owns 19,794 shares of the retailer’s stock valued at $18,137,000 after acquiring an additional 918 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 2.5 %

COST opened at $943.19 on Friday. The firm has a 50 day simple moving average of $949.84 and a 200 day simple moving average of $900.50. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Analysts Set New Price Targets

A number of research analysts have issued reports on COST shares. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.