Fulton Breakefield Broenniman LLC Decreases Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Fulton Breakefield Broenniman LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,229 shares of the retailer’s stock after selling 114 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Costco Wholesale were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wulff Hansen & CO. boosted 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 valued at $1,253,508,000 after buying an additional 1,473,248 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Costco Wholesale during the first quarter worth about $510,353,000. Assenagon Asset Management S.A. grew its stake in shares of Costco Wholesale by 287.3% in 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 last quarter. Strategic Financial Concepts LLC increased its holdings 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 valued at $5,266,000 after purchasing an additional 618,383 shares during the period. Finally, Vanguard Group Inc. raised 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 valued at $29,916,118,000 after purchasing an additional 473,702 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.8 %

NASDAQ:COST opened at $887.38 on Thursday. The company has a market cap of $393.41 billion, a PE ratio of 54.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $887.65 and a two-hundred day simple moving average of $830.66. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced 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 business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm posted $4.86 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Analysts Set New Price Targets

COST has been the topic of several research analyst reports. DA Davidson reissued a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. TD Cowen upped their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Melius Research started coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $886.74.

Insider Activity at Costco Wholesale

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

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.