Costco Wholesale Co. (NASDAQ:COST) Stock Position Increased by Woodstock Corp

Woodstock Corp increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 22,032 shares of the retailer’s stock after purchasing an additional 146 shares during the quarter. Costco Wholesale makes up approximately 1.9% of Woodstock Corp’s holdings, making the stock its 10th biggest holding. Woodstock Corp’s holdings in Costco Wholesale were worth $20,187,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $4,202,000. Beck Bode LLC increased its holdings in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the last quarter. ProVise Management Group LLC purchased a new stake in Costco Wholesale in the second quarter valued at approximately $250,000. Brighton Jones LLC lifted its stake in Costco Wholesale by 1.9% during the second quarter. Brighton Jones LLC now owns 18,950 shares of the retailer’s stock worth $16,107,000 after purchasing an additional 346 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Costco Wholesale by 5.2% in the second quarter. Ieq Capital LLC now owns 63,897 shares of the retailer’s stock valued at $54,312,000 after buying an additional 3,179 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Citigroup increased their price target 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. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were 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 approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $943.19 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The stock has a market cap 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. The firm has a fifty day moving average price of $949.84 and a 200 day moving average price of $900.50.

Costco Wholesale Company 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.