Northstar Group Inc. Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Northstar Group Inc. lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,393 shares of the retailer’s stock after selling 227 shares during the quarter. Costco Wholesale comprises 3.3% of Northstar Group Inc.’s portfolio, making the stock its 5th biggest holding. Northstar Group Inc.’s holdings in Costco Wholesale were worth $18,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter worth approximately $32,000. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Vima LLC bought a new stake in Costco Wholesale in the 4th quarter worth approximately $34,000. Bank & Trust Co bought a new stake in Costco Wholesale in the 2nd quarter worth approximately $48,000. Finally, Ruedi Wealth Management Inc. increased its stake in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $8.27 during midday trading on Thursday, hitting $900.83. 174,708 shares of the company were exchanged, compared to its average volume of 1,950,553. The firm has a market capitalization of $399.37 billion, a PE ratio of 56.33, a price-to-earnings-growth 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 business has a fifty day simple moving average of $879.92 and a two-hundred day simple moving average of $825.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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

Analyst Ratings Changes

A number of brokerages have recently commented on COST. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a report on Tuesday, September 24th. Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Robert W. Baird upped their target price on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, Morgan Stanley upped their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. 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 at this link. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have 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.