Kowal Investment Group LLC Has $905,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Kowal Investment Group LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,021 shares of the retailer’s stock after selling 24 shares during the period. Kowal Investment Group LLC’s holdings in Costco Wholesale were worth $905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wulff Hansen & CO. boosted its position in shares of 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 purchasing an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC bought a new position in Costco Wholesale in the first quarter worth approximately $510,353,000. Assenagon Asset Management S.A. boosted its holdings in 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 acquiring an additional 620,341 shares in the last quarter. Strategic Financial Concepts LLC grew its stake 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 acquiring an additional 618,383 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after acquiring an additional 473,702 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.8 %

COST opened at $887.38 on Thursday. The business’s 50 day moving average price is $887.65 and its 200 day moving average price is $830.66. 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 stock has a market capitalization of $393.41 billion, a PE ratio of 54.98, a P/E/G ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

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

Insider Activity

In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale 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 transaction of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 11,224 shares of company stock worth $9,974,973. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research note on Tuesday, September 24th. TD Cowen raised their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Tigress Financial lifted their price target on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Barclays increased their price objective on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Melius Research assumed coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, 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.