Capital Planning LLC Has $3.44 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Capital Planning LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,756 shares of the retailer’s stock after buying an additional 837 shares during the period. Costco Wholesale makes up about 0.9% of Capital Planning LLC’s holdings, making the stock its 27th biggest position. Capital Planning LLC’s holdings in Costco Wholesale were worth $3,441,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COST. Charles Schwab Investment Management Inc. grew its holdings in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC grew its stake in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the 3rd quarter worth about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $8,430,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 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 directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 2.5 %

Shares of COST opened at $943.19 on Friday. 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 stock has a market cap of $418.68 billion, a PE ratio of 55.38, a PEG ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock has a 50 day simple moving average of $949.84 and a 200-day simple moving average of $900.50.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Morgan Stanley increased their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup increased their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus 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.