Algert Global LLC Sells 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Algert Global LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 401 shares of the retailer’s stock after selling 19 shares during the quarter. Algert Global LLC’s holdings in Costco Wholesale were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COST. Oak Asset Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after buying an additional 12 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. grew its position in shares of Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after acquiring an additional 13 shares during the period. Boltwood Capital Management increased its stake in shares of Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after purchasing an additional 13 shares in the last quarter. Finally, LifePro Asset Management raised its holdings in Costco Wholesale by 3.8% in the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The stock was 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 $7,671,983.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $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 is available through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was 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 $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,174 shares of company stock valued at $7,097,624. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on COST shares. Morgan Stanley upped their price target on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Oppenheimer increased their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Tigress Financial increased their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Bank of America boosted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Stock Up 1.9 %

NASDAQ COST opened at $890.42 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The firm has a market capitalization of $394.75 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 5.34 and a beta of 0.80. The company has a fifty day moving average of $876.57 and a two-hundred day moving average of $823.41.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.86 EPS. On average, analysts predict that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

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.