First Pacific Financial Acquires 246 Shares of Costco Wholesale Co. (NASDAQ:COST)

First Pacific Financial grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,130 shares of the retailer’s stock after purchasing an additional 246 shares during the period. Costco Wholesale comprises approximately 1.1% of First Pacific Financial’s investment portfolio, making the stock its 16th biggest holding. First Pacific Financial’s holdings in Costco Wholesale were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Goldstone Financial Group LLC increased its position in shares of Costco Wholesale by 9.4% in the fourth quarter. Goldstone Financial Group LLC now owns 596 shares of the retailer’s stock valued at $546,000 after acquiring an additional 51 shares during the last quarter. Capital Planning LLC boosted its position in Costco Wholesale by 28.7% during the fourth quarter. Capital Planning LLC now owns 3,756 shares of the retailer’s stock valued at $3,441,000 after purchasing an additional 837 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in Costco Wholesale by 4.9% in the fourth quarter. KMG Fiduciary Partners LLC now owns 10,666 shares of the retailer’s stock valued at $9,772,000 after purchasing an additional 501 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $152,000. Finally, StoneCrest Wealth Management Inc. raised its stake in shares of Costco Wholesale by 8.4% during the 4th quarter. StoneCrest Wealth Management Inc. now owns 596 shares of the retailer’s stock worth $546,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.19 on Friday. The firm 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 company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s fifty day moving average price is $949.84 and its two-hundred day moving average price is $900.50. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25.

Insider Transactions at Costco Wholesale

In other 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 value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.