Monterey Private Wealth Inc. Has $3.65 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Monterey Private Wealth Inc. raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,986 shares of the retailer’s stock after acquiring an additional 34 shares during the period. Costco Wholesale accounts for 1.2% of Monterey Private Wealth Inc.’s portfolio, making the stock its 18th largest position. Monterey Private Wealth Inc.’s holdings in Costco Wholesale were worth $3,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the third quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $58,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Costco Wholesale by 329.4% in the third 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. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $944.70 on Thursday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week 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. The stock has a market capitalization of $419.35 billion, a price-to-earnings ratio of 55.47, a PEG ratio of 5.63 and a beta of 0.84. The firm has a fifty day moving average of $950.34 and a two-hundred day moving average of $902.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price 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.