Brooklyn Investment Group Has $2.99 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Brooklyn Investment Group grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,265 shares of the retailer’s stock after acquiring an additional 132 shares during the quarter. Costco Wholesale accounts for about 0.9% of Brooklyn Investment Group’s investment portfolio, making the stock its 19th largest holding. Brooklyn Investment Group’s holdings in Costco Wholesale were worth $2,991,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter worth about $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $58,000. Christopher J. Hasenberg Inc grew its holdings in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $71,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on COST. DA Davidson increased their price target on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Truist Financial raised their target price 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. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Up 2.5 %

Shares of NASDAQ:COST opened at $943.19 on Friday. 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. The business’s 50 day simple moving average is $949.82 and its 200 day simple moving average is $901.17. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25.

Insider Transactions at Costco Wholesale

In related 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 completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

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.