Shira Ridge Wealth Management Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Shira Ridge Wealth Management boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,575 shares of the retailer’s stock after buying an additional 195 shares during the quarter. Costco Wholesale makes up about 0.7% of Shira Ridge Wealth Management’s holdings, making the stock its 26th largest position. Shira Ridge Wealth Management’s holdings in Costco Wholesale were worth $1,396,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wulff Hansen & CO. boosted its stake in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Costco Wholesale in the first quarter valued at $510,353,000. Assenagon Asset Management S.A. boosted its stake 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 valued at $710,802,000 after acquiring an additional 620,341 shares in the last quarter. Strategic Financial Concepts LLC boosted 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Costco Wholesale by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after acquiring an additional 485,051 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.5 %

Shares of COST opened at $889.03 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. The firm has a 50 day simple moving average of $882.80 and a 200-day simple moving average of $827.34. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The stock has a market cap of $394.14 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on COST shares. Loop Capital increased their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Evercore ISI increased their target price on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research note on Thursday. Melius Research started coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price for the company. DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday. Finally, Bank of America increased their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $886.74.

Insider Transactions at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This trade represents 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 other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 6,674 shares of company stock valued at $5,831,324 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.