Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,325 shares of the retailer’s stock after acquiring an additional 21 shares during the period. Sax Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,214,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Merit Financial Group LLC increased its position in shares of Costco Wholesale by 18.3% in the fourth quarter. Merit Financial Group LLC now owns 18,842 shares of the retailer’s stock worth $17,264,000 after acquiring an additional 2,912 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its position in Costco Wholesale by 4.2% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,953 shares of the retailer’s stock worth $1,790,000 after purchasing an additional 79 shares during the period. CNB Bank raised its position in Costco Wholesale by 3.1% in the fourth quarter. CNB Bank now owns 2,983 shares of the retailer’s stock valued at $2,733,000 after purchasing an additional 89 shares during the period. Procyon Advisors LLC lifted its stake in shares of Costco Wholesale by 10.5% during the fourth quarter. Procyon Advisors LLC now owns 10,097 shares of the retailer’s stock worth $9,252,000 after purchasing an additional 957 shares in the last quarter. Finally, Everpar Advisors LLC boosted its position in shares of Costco Wholesale by 3.0% in the fourth quarter. Everpar Advisors LLC now owns 555 shares of the retailer’s stock worth $509,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays raised their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $943.19 on Friday. The stock has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The firm’s 50-day moving average price is $949.82 and its two-hundred day moving average price is $901.17. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.