Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Sweet Financial Partners LLC

Sweet Financial Partners LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,255 shares of the retailer’s stock after buying an additional 172 shares during the period. Sweet Financial Partners LLC’s holdings in Costco Wholesale were worth $2,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Drake & Associates LLC increased its position in Costco Wholesale by 13.4% during the third quarter. Drake & Associates LLC now owns 1,659 shares of the retailer’s stock worth $1,471,000 after buying an additional 196 shares during the period. Trust Co. of Vermont grew its position in shares of Costco Wholesale by 0.3% during the third quarter. Trust Co. of Vermont now owns 51,509 shares of the retailer’s stock worth $45,664,000 after acquiring an additional 150 shares during the last quarter. Secure Asset Management LLC increased its holdings in shares of Costco Wholesale by 8.3% in the 3rd quarter. Secure Asset Management LLC now owns 1,213 shares of the retailer’s stock valued at $1,075,000 after acquiring an additional 93 shares during the period. Marshall Financial Group LLC raised its position in Costco Wholesale by 6.9% in the 3rd quarter. Marshall Financial Group LLC now owns 278 shares of the retailer’s stock valued at $247,000 after purchasing an additional 18 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake in Costco Wholesale by 1.4% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 15,315 shares of the retailer’s stock worth $13,577,000 after purchasing an additional 218 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on COST shares. The Goldman Sachs Group upped their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Stifel Nicolaus boosted their target price on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $890.07.

Costco Wholesale Stock Down 0.2 %

COST opened at $885.29 on Friday. 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 cap of $392.48 billion, a price-to-earnings ratio of 54.85, a PEG 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. The business’s fifty day moving average is $888.57 and its two-hundred day moving average is $831.04.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the firm earned $4.86 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on 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 sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. 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 available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

Costco Wholesale 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.