336 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Define Financial LLC

Define Financial LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 336 shares of the retailer’s stock, valued at approximately $308,000. Costco Wholesale comprises about 0.2% of Define Financial LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. International Assets Investment Management LLC grew its holdings in 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 valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC boosted its position in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Costco Wholesale by 56.8% during the second quarter. 1832 Asset Management L.P. now owns 566,864 shares of the retailer’s stock valued at $481,829,000 after buying an additional 205,237 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after buying an additional 162,191 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COST. Raymond James boosted their price objective on 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 note on Friday, September 27th. DA Davidson raised their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Evercore ISI upped their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine 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 has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated 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 owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $923.50 on Thursday. The company has a 50 day moving average of $949.23 and a two-hundred day moving average of $900.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a market cap of $409.94 billion, a price-to-earnings ratio of 54.23, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

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.