Segment Wealth Management LLC Has $19.58 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Segment Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,364 shares of the retailer’s stock after purchasing an additional 88 shares during the quarter. Costco Wholesale comprises approximately 1.3% of Segment Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Segment Wealth Management LLC’s holdings in Costco Wholesale were worth $19,575,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. TB Alternative Assets Ltd. bought a new stake in Costco Wholesale in the 4th quarter valued at about $1,852,000. Aspiriant LLC raised its position in shares of Costco Wholesale by 1.6% in the fourth quarter. Aspiriant LLC now owns 2,014 shares of the retailer’s stock valued at $1,845,000 after buying an additional 32 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Costco Wholesale by 3.7% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 2,836 shares of the retailer’s stock valued at $2,599,000 after buying an additional 100 shares during the period. Pure Financial Advisors LLC grew its position in Costco Wholesale by 1.5% during the fourth quarter. Pure Financial Advisors LLC now owns 6,400 shares of the retailer’s stock worth $5,864,000 after buying an additional 94 shares in the last quarter. Finally, New Hampshire Trust raised its holdings in Costco Wholesale by 1.1% in the 4th quarter. New Hampshire Trust now owns 6,061 shares of the retailer’s stock valued at $5,554,000 after acquiring an additional 65 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 0.5 %

Shares of COST stock opened at $947.73 on Wednesday. The stock has a 50-day moving average of $950.03 and a 200-day moving average of $902.31. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $420.70 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COST shares. Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Citigroup raised their target price 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. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.