Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 918 shares of the retailer’s stock after purchasing an additional 89 shares during the quarter. Bennett Selby Investments LP’s holdings in Costco Wholesale were worth $813,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in Costco Wholesale by 0.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 237,695 shares of the retailer’s stock valued at $156,898,000 after acquiring an additional 1,396 shares during the period. GSA Capital Partners LLP lifted its holdings in Costco Wholesale by 886.3% in the fourth quarter. GSA Capital Partners LLP now owns 5,405 shares of the retailer’s stock valued at $3,568,000 after acquiring an additional 4,857 shares during the period. PCA Investment Advisory Services Inc. lifted its holdings in Costco Wholesale by 2.9% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 670 shares of the retailer’s stock valued at $442,000 after acquiring an additional 19 shares during the period. Harbour Investments Inc. lifted its holdings in Costco Wholesale by 10.2% in the fourth quarter. Harbour Investments Inc. now owns 8,349 shares of the retailer’s stock valued at $5,511,000 after acquiring an additional 771 shares during the period. Finally, CMG Global Holdings LLC lifted its holdings in Costco Wholesale by 12.1% in the fourth quarter. CMG Global Holdings LLC now owns 945 shares of the retailer’s stock valued at $684,000 after acquiring an additional 102 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,674 shares of company stock worth $5,831,324 in the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.5 %

Shares of Costco Wholesale stock opened at $889.03 on Friday. The stock has a market capitalization of $394.14 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. 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’s 50-day simple moving average is $882.80 and its 200 day simple moving average is $826.67.

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

Analyst Ratings Changes

A number of research firms have commented on COST. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Roth Mkm raised their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Barclays raised their price target on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday. Finally, Bank of America raised their price target on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $886.74.

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.