Smith Thornton Advisors LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Smith Thornton Advisors LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, Holdings Channel.com reports. The firm acquired 294 shares of the retailer’s stock, valued at approximately $269,000.

Several other institutional investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. VitalStone Financial LLC acquired a new position in Costco Wholesale in the 3rd quarter worth $71,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Costco Wholesale by 20.8% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $919.75 on Friday. The company has a market capitalization of $408.28 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 5.60 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock’s 50 day moving average is $949.72 and its 200-day moving average is $900.36.

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 value of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on COST. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Loop Capital lifted their price objective 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. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Truist Financial increased their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.