Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,818 shares of the retailer’s stock after purchasing an additional 26 shares during the period. Costco Wholesale accounts for about 1.7% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Roberts Wealth Advisors LLC’s holdings in Costco Wholesale were worth $5,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COST. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter worth approximately $32,000. Financial Connections Group Inc. lifted its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co bought a new stake in Costco Wholesale during the second quarter worth approximately $48,000. Ruedi Wealth Management Inc. grew its position in shares of 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 purchasing an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Costco Wholesale during the second quarter worth $50,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.5 %

Shares of NASDAQ COST opened at $894.61 on Wednesday. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The business has a fifty day simple moving average of $886.11 and a two-hundred day simple moving average of $830.26. The firm has a market cap of $396.61 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 5.53 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.

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

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COST. Oppenheimer upped their price target on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Loop Capital raised their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a research report on Tuesday, September 24th. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Finally, Barclays boosted their price target on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $886.74.

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.