Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 36,368 shares of the retailer’s stock after selling 713 shares during the quarter. Costco Wholesale makes up 2.1% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 8th biggest holding. Bar Harbor Wealth Management’s holdings in Costco Wholesale were worth $32,241,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COST. Perpetual Ltd lifted its stake in shares of Costco Wholesale by 24.7% in the 1st quarter. Perpetual Ltd now owns 888 shares of the retailer’s stock valued at $651,000 after purchasing an additional 176 shares during the period. Grandview Asset Management LLC lifted its position in Costco Wholesale by 1.3% in the 1st quarter. Grandview Asset Management LLC now owns 2,681 shares of the retailer’s stock valued at $1,964,000 after acquiring an additional 35 shares in the last quarter. KMG Fiduciary Partners LLC boosted its stake in Costco Wholesale by 43.2% during the 1st quarter. KMG Fiduciary Partners LLC now owns 5,275 shares of the retailer’s stock valued at $3,865,000 after purchasing an additional 1,592 shares during the last quarter. American National Bank increased its holdings in Costco Wholesale by 0.6% during the 1st quarter. American National Bank now owns 20,504 shares of the retailer’s stock worth $15,022,000 after purchasing an additional 119 shares in the last quarter. Finally, Apella Capital LLC raised its stake in shares of Costco Wholesale by 8.5% in the first quarter. Apella Capital LLC now owns 2,623 shares of the retailer’s stock worth $1,885,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

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

Costco Wholesale Trading Down 0.2 %

Shares of COST opened at $885.29 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The company has a market capitalization of $392.48 billion, a P/E ratio of 54.85, a P/E/G ratio of 5.53 and a beta of 0.80. The firm’s 50 day simple moving average is $888.57 and its 200 day simple moving average is $831.04.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating 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 firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the company posted $4.86 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Evercore ISI increased their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Loop Capital raised their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, TD Cowen raised 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $890.07.

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.