Simon Quick Advisors LLC Acquires 132 Shares of Costco Wholesale Co. (NASDAQ:COST)

Simon Quick Advisors LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,502 shares of the retailer’s stock after purchasing an additional 132 shares during the period. Simon Quick Advisors LLC’s holdings in Costco Wholesale were worth $3,209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.3 %

COST stock opened at $944.70 on Thursday. 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 has a market capitalization of $419.35 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 5.63 and a beta of 0.84. The business has a fifty day moving average price of $950.34 and a 200 day moving average price of $902.74. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, TD Cowen increased their target price on shares of 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 analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.