Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,385 shares of the retailer’s stock after acquiring an additional 68 shares during the period. Costco Wholesale makes up about 4.2% of Ayrshire Capital Management LLC’s holdings, making the stock its 7th largest holding. Ayrshire Capital Management LLC’s holdings in Costco Wholesale were worth $8,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COST. Renaissance Technologies LLC acquired a new position in Costco Wholesale during the 2nd quarter worth approximately $4,202,000. Wulff Hansen & CO. lifted its position in shares of Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. WealthPLAN Partners LLC grew its stake in shares of Costco Wholesale by 3.8% during the second quarter. WealthPLAN Partners LLC now owns 15,269 shares of the retailer’s stock worth $12,979,000 after purchasing an additional 558 shares in the last quarter. Luts & Greenleigh Group Inc. acquired a new position in shares of Costco Wholesale during the second quarter worth $9,043,000. Finally, Moors & Cabot Inc. increased its holdings in Costco Wholesale by 12.3% in the second quarter. Moors & Cabot Inc. now owns 10,236 shares of the retailer’s stock valued at $8,701,000 after buying an additional 1,122 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.8 %

Shares of Costco Wholesale stock opened at $917.23 on Wednesday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a market cap of $407.16 billion, a P/E ratio of 53.86, a PEG ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a fifty day moving average of $949.23 and a two-hundred day moving average of $900.20.

Analyst Ratings Changes

COST has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The stock was 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 owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

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.