Mountain Pacific Investment Advisers LLC Acquires 3,708 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mountain Pacific Investment Advisers LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 54.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,538 shares of the retailer’s stock after acquiring an additional 3,708 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Costco Wholesale were worth $9,343,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Strong Tower Advisory Services boosted its holdings in shares of Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after acquiring an additional 137 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Costco Wholesale by 52.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after buying an additional 2,620 shares in the last quarter. Main Street Financial Solutions LLC increased its position in Costco Wholesale by 22.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after buying an additional 656 shares during the period. Finally, Parcion Private Wealth LLC lifted its holdings in shares of Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after buying an additional 1,319 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COST. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research report on Thursday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Robert W. Baird boosted their price target on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. DA Davidson raised their price objective on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upped their target price on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $886.74.

Costco Wholesale Trading Up 2.1 %

COST opened at $909.10 on Thursday. 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 fifty-two week low of $540.23 and a fifty-two week high of $923.83. The company’s 50 day moving average price is $879.92 and its two-hundred day moving average price is $825.10. The firm has a market capitalization of $403.04 billion, a price-to-earnings ratio of 56.33, a PEG ratio of 5.34 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 the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.86 earnings per share. As a group, research analysts predict that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction dated 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 of the company’s stock, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,174 shares of company stock valued at $7,097,624. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.