Barlow Wealth Partners Inc. Purchases 416 Shares of Costco Wholesale Co. (NASDAQ:COST)

Barlow Wealth Partners Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,116 shares of the retailer’s stock after buying an additional 416 shares during the period. Costco Wholesale makes up approximately 3.7% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its 4th largest position. Barlow Wealth Partners Inc.’s holdings in Costco Wholesale were worth $28,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after buying an additional 473,702 shares in the last quarter. Capital World Investors grew its stake in Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after buying an additional 285,533 shares in the last quarter. Legal & General Group Plc grew its stake in Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after buying an additional 88,550 shares in the last quarter. Fisher Asset Management LLC grew its stake in Costco Wholesale by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock worth $1,842,241,000 after buying an additional 81,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Costco Wholesale by 28.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after buying an additional 338,780 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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 sale, the director now 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 filing with the SEC, which is available through this link. In related news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,174 shares of company stock valued at $7,097,624 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 1.2 %

Shares of COST stock traded up $10.62 during trading hours on Wednesday, hitting $901.04. 337,566 shares of the company were exchanged, compared to its average volume of 1,950,448. The firm has a market cap of $399.46 billion, a P/E ratio of 55.17, a P/E/G ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two 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 company has a 50 day simple moving average of $878.18 and a two-hundred day simple moving average of $824.51.

Costco Wholesale (NASDAQ:COST) last announced 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. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.86 EPS. Equities analysts anticipate that Costco Wholesale Co. will post 17.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COST. Melius Research began coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. 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 report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $883.04.

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.