Terra Nova Asset Management LLC Has $2.97 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Terra Nova Asset Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the 3rd quarter, Holdings Channel reports. The firm owned 3,351 shares of the retailer’s stock after purchasing an additional 74 shares during the quarter. Costco Wholesale makes up about 2.2% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Terra Nova Asset Management LLC’s holdings in Costco Wholesale were worth $2,971,000 as of its most recent filing with the SEC.

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

Costco Wholesale Stock Down 1.1 %

NASDAQ COST traded down $10.20 during trading hours on Wednesday, reaching $884.41. 487,604 shares of the company’s stock were exchanged, compared to its average volume of 1,944,391. The company’s 50-day moving average is $886.11 and its two-hundred day moving average is $830.26. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a market capitalization of $392.09 billion, a price-to-earnings ratio of 55.43, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

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

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,224 shares of company stock valued at $9,974,973 in the last quarter. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COST shares. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Tigress Financial upped their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley upped their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Loop Capital upped their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

About Costco Wholesale

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.