Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Reduced by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,762 shares of the retailer’s stock after selling 24 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Costco Wholesale were worth $1,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First National Corp MA ADV grew its stake in Costco Wholesale by 10.3% in the third quarter. First National Corp MA ADV now owns 3,574 shares of the retailer’s stock valued at $3,168,000 after purchasing an additional 333 shares in the last quarter. Barlow Wealth Partners Inc. grew its stake in Costco Wholesale by 1.3% in the third quarter. Barlow Wealth Partners Inc. now owns 32,116 shares of the retailer’s stock valued at $28,056,000 after purchasing an additional 416 shares in the last quarter. Perkins Coie Trust Co grew its stake in Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after purchasing an additional 12 shares in the last quarter. First PREMIER Bank boosted its stake in shares of Costco Wholesale by 61.9% during the 3rd quarter. First PREMIER Bank now owns 539 shares of the retailer’s stock worth $478,000 after acquiring an additional 206 shares in the last quarter. Finally, True North Advisors LLC boosted its stake in shares of Costco Wholesale by 0.4% during the 3rd quarter. True North Advisors LLC now owns 6,231 shares of the retailer’s stock worth $5,524,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on COST. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research note on Tuesday, September 24th. DA Davidson upped their price target on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Robert W. Baird boosted their price objective on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Loop Capital boosted their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Morgan Stanley boosted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $883.04.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 8,174 shares of company stock worth $7,097,624 in the last three months. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST traded up $10.73 during mid-day trading on Wednesday, reaching $901.15. The company had a trading volume of 450,270 shares, compared to its average volume of 1,951,936. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. 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 company’s 50-day moving average is $878.18 and its 200-day moving average is $824.51. The company has a market capitalization of $399.51 billion, a P/E ratio of 55.83, a P/E/G ratio of 5.34 and a beta of 0.80.

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

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.