RDA Financial Network Acquires 79 Shares of Costco Wholesale Co. (NASDAQ:COST)

RDA Financial Network lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,405 shares of the retailer’s stock after acquiring an additional 79 shares during the quarter. Costco Wholesale accounts for approximately 0.9% of RDA Financial Network’s investment portfolio, making the stock its 26th largest holding. RDA Financial Network’s holdings in Costco Wholesale were worth $3,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wulff Hansen & CO. increased its position in shares of Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Costco Wholesale in the first quarter worth about $510,353,000. Assenagon Asset Management S.A. lifted its holdings in shares of Costco Wholesale by 287.3% during the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the period. Strategic Financial Concepts LLC boosted its position in Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after buying an additional 618,383 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after buying an additional 473,702 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,824 shares of company stock valued at $4,260,493. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. DA Davidson reaffirmed a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Roth Mkm raised their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Tigress Financial upped their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $4.73 during mid-day trading on Tuesday, hitting $894.49. 1,017,780 shares of the company were exchanged, compared to its average volume of 1,948,444. 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 firm has a market cap of $396.56 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The stock has a 50 day simple moving average of $884.56 and a 200-day simple moving average of $829.12. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the previous year, the firm posted $4.86 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

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.