Wealthquest Corp Has $322,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Wealthquest Corp boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 351 shares of the retailer’s stock after acquiring an additional 20 shares during the period. Wealthquest Corp’s holdings in Costco Wholesale were worth $322,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale in the fourth quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s 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 of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COST. DA Davidson lifted their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Evercore ISI boosted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $947.73 on Wednesday. The firm has a 50 day moving average of $950.03 and a 200-day moving average of $902.31. The company has a market cap of $420.70 billion, a price-to-earnings ratio of 55.65, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

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.