Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Cwm LLC

Cwm LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,764 shares of the retailer’s stock after purchasing an additional 3,151 shares during the quarter. Cwm LLC’s holdings in Costco Wholesale were worth $48,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in COST. Wulff Hansen & CO. raised its stake in Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Costco Wholesale during the 1st quarter valued at about $510,353,000. Assenagon Asset Management S.A. lifted its holdings in shares of Costco Wholesale by 287.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after acquiring an additional 620,341 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after acquiring an additional 618,383 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after purchasing an additional 485,051 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Claudine Adamo sold 3,200 shares of the company’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 directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the firm’s 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 in the company, valued at $5,041,057.60. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COST. DA Davidson upped their price objective on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Morgan Stanley raised their price objective on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets reiterated an “outperform” rating and set a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, 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 report on Tuesday, June 25th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Trading Up 2.1 %

Shares of NASDAQ COST opened at $909.10 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $878.18 and its two-hundred day moving average price is $824.51. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The stock has a market capitalization of $403.04 billion, a P/E ratio of 56.33, a PEG ratio of 5.34 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The firm 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 firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.86 earnings per share. On average, analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal 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.