Strategic Wealth Partners Ltd. Purchases 369 Shares of Costco Wholesale Co. (NASDAQ:COST)

Strategic Wealth Partners Ltd. lifted its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,130 shares of the retailer’s stock after buying an additional 369 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Costco Wholesale were worth $3,661,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale in the first quarter valued at $32,000. Vima LLC bought a new position in Costco Wholesale in the fourth quarter valued at $34,000. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co bought a new position in Costco Wholesale in the second quarter valued at $48,000. Finally, Ruedi Wealth Management Inc. increased its stake in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $890.42 on Wednesday. The firm has a market cap of $394.75 billion, a P/E ratio of 55.17, a PEG ratio of 5.34 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $878.18 and a 200 day moving average of $824.51. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.86 EPS. As a group, research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COST. Robert W. Baird increased their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Stifel Nicolaus raised their price objective on Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Tigress Financial raised their price objective on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $883.04.

Check Out Our Latest Stock Analysis on Costco Wholesale

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,174 shares of company stock worth $7,097,624. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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