Jackson Square Capital LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Jackson Square Capital LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,201 shares of the retailer’s stock after purchasing an additional 470 shares during the quarter. Costco Wholesale accounts for approximately 1.8% of Jackson Square Capital LLC’s portfolio, making the stock its 12th biggest position. Jackson Square Capital LLC’s holdings in Costco Wholesale were worth $7,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fermata Advisors LLC lifted its position in shares of Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares in the last quarter. Sculati Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares during the last quarter. Gill Capital Partners LLC raised its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the period. Finally, Perkins Coie Trust Co lifted its position in Costco Wholesale by 0.3% during the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COST. Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Morgan Stanley raised 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 note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $943.19 on Monday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The business has a fifty day simple moving average of $949.82 and a two-hundred day simple moving average of $901.47. The company has a market capitalization of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

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.