ARS Wealth Advisors Group LLC Purchases 226 Shares of Costco Wholesale Co. (NASDAQ:COST)

ARS Wealth Advisors Group LLC grew its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,754 shares of the retailer’s stock after purchasing an additional 226 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Costco Wholesale were worth $2,523,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $58,000. Christopher J. Hasenberg Inc boosted 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 valued at $65,000 after purchasing an additional 56 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $71,000. Finally, Iron Horse Wealth Management LLC grew its stake in Costco Wholesale by 20.8% during the third quarter. Iron Horse Wealth Management LLC now owns 87 shares of the retailer’s stock worth $77,000 after purchasing an additional 15 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COST shares. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Evercore ISI raised their price target 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. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

View Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Trading Up 0.7 %

Shares of COST stock opened at $923.50 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $409.94 billion, a P/E ratio of 54.23, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The business has a 50-day moving average price of $949.23 and a two-hundred day moving average price of $900.20. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Costco Wholesale Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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