XML Financial LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

XML Financial LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,235 shares of the retailer’s stock after purchasing an additional 249 shares during the period. XML Financial LLC’s holdings in Costco Wholesale were worth $3,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in shares of Costco Wholesale during the second quarter valued at approximately $4,202,000. Beck Bode LLC raised its position in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares in the last quarter. Royal Capital Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 20.8% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 871 shares of the retailer’s stock worth $740,000 after buying an additional 150 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Costco Wholesale by 11.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,385 shares of the retailer’s stock worth $4,318,000 after buying an additional 572 shares during the period. Finally, Wescott Financial Advisory Group LLC bought a new position in shares of Costco Wholesale during the 2nd quarter worth $1,016,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $944.70 on Thursday. 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 twelve month low of $675.96 and a twelve month high of $1,008.25. The company’s 50 day moving average is $950.34 and its 200 day moving average is $902.74. The company has a market cap of $419.35 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group lifted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein began coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.