Strong Tower Advisory Services Buys 138 Shares of Costco Wholesale Co. (NASDAQ:COST)

Strong Tower Advisory Services lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,872 shares of the retailer’s stock after acquiring an additional 138 shares during the period. Strong Tower Advisory Services’ holdings in Costco Wholesale were worth $2,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in COST. Fermata Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares during the period. Sculati Wealth Management LLC lifted its stake in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the period. Sivia Capital Partners LLC boosted its holdings in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC grew its stake in shares of Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the period. Finally, Scott Capital Advisors LLC raised its holdings in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on 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 owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST opened at $943.19 on Tuesday. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock has a 50-day simple moving average of $949.82 and a 200 day simple moving average of $901.74. 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 company has a market capitalization of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

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.