Costco Wholesale Co. (NASDAQ:COST) Stake Boosted by Grove Bank & Trust

Grove Bank & Trust increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,857 shares of the retailer’s stock after purchasing an additional 45 shares during the period. Grove Bank & Trust’s holdings in Costco Wholesale were worth $2,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at about $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $58,000. Finally, Christopher J. Hasenberg Inc grew its position in Costco Wholesale by 329.4% in 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. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 2.5 %

Costco Wholesale stock opened at $943.19 on Monday. The firm’s 50 day moving average price is $949.82 and its two-hundred day moving average price is $901.47. The firm has a market cap of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Analyst Ratings Changes

A number of research firms have recently weighed in on COST. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

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.