Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,866 shares of the retailer’s stock after acquiring an additional 409 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Costco Wholesale were worth $8,124,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of COST. International Assets Investment Management LLC raised its position in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after acquiring an additional 338,489 shares during the last quarter. FMR LLC increased its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Costco Wholesale by 56.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer’s stock worth $481,829,000 after buying an additional 205,237 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. TD Cowen increased their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.7 %

Shares of NASDAQ COST opened at $923.50 on Thursday. The business has a fifty day moving average of $949.23 and a two-hundred day moving average of $900.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The stock has a market cap of $409.94 billion, a PE ratio of 54.23, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Company 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.