Quantum Financial Advisors LLC Buys 105 Shares of Costco Wholesale Co. (NASDAQ:COST)

Quantum Financial Advisors LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,299 shares of the retailer’s stock after buying an additional 105 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Costco Wholesale were worth $1,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Fairway Wealth LLC increased its stake in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc lifted its stake in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC bought a new position in Costco Wholesale in the 3rd quarter worth $71,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated 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 $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.8 %

COST opened at $917.23 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $949.23 and its two-hundred day moving average is $900.20. The company has a market capitalization of $407.16 billion, a P/E ratio of 53.86, a PEG ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COST shares. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Evercore ISI boosted their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average 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.