Cadinha & Co. LLC Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

Cadinha & Co. LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,493 shares of the retailer’s stock after buying an additional 157 shares during the quarter. Costco Wholesale makes up about 6.0% of Cadinha & Co. LLC’s investment portfolio, making the stock its 2nd largest holding. Cadinha & Co. LLC’s holdings in Costco Wholesale were worth $36,186,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter worth about $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $58,000. Finally, Christopher J. Hasenberg Inc lifted its position 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. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.19 on Monday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $949.82 and a 200-day moving average price of $901.47. The firm has a market capitalization of $418.68 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’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 transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine 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, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.