Market Street Wealth Management Advisors LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Market Street Wealth Management Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,219 shares of the retailer’s stock after buying an additional 21 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in Costco Wholesale were worth $1,967,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Firethorn Wealth Partners LLC raised its stake in shares of Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares in the last quarter. Carderock Capital Management Inc. increased its holdings in Costco Wholesale by 4.2% during the 3rd quarter. Carderock Capital Management Inc. now owns 11,335 shares of the retailer’s stock worth $10,049,000 after purchasing an additional 459 shares during the period. Indiana Trust & Investment Management Co raised its position in Costco Wholesale by 4.3% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock valued at $6,851,000 after purchasing an additional 316 shares in the last quarter. Transform Wealth LLC boosted its stake in shares of Costco Wholesale by 1.2% in the 3rd quarter. Transform Wealth LLC now owns 16,700 shares of the retailer’s stock valued at $14,805,000 after buying an additional 190 shares during the period. Finally, Terra Nova Asset Management LLC grew its position in shares of Costco Wholesale by 2.3% during the third quarter. Terra Nova Asset Management LLC now owns 3,351 shares of the retailer’s stock worth $2,971,000 after buying an additional 74 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.8 %

Costco Wholesale stock opened at $887.38 on Thursday. The stock has a market capitalization of $393.41 billion, a price-to-earnings ratio of 54.98, a PEG 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 stock has a 50 day moving average of $887.65 and a two-hundred day moving average of $830.66. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83.

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

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the 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 directly owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Richard A. Galanti sold 500 shares of the company’s 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 transaction, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction on 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 owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,224 shares of company stock valued at $9,974,973 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays boosted their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Morgan Stanley raised their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, Loop Capital upped their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale 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.