Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,480 shares of the retailer’s stock after purchasing an additional 15 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Costco Wholesale were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in COST. Cypress Wealth Services LLC lifted its position in shares of Costco Wholesale by 4.4% during the third quarter. Cypress Wealth Services LLC now owns 3,820 shares of the retailer’s stock worth $3,387,000 after purchasing an additional 160 shares during the last quarter. Morton Capital Management LLC CA lifted its position in shares of Costco Wholesale by 10.3% during the third quarter. Morton Capital Management LLC CA now owns 1,300 shares of the retailer’s stock worth $1,152,000 after purchasing an additional 121 shares during the last quarter. Mountain Pacific Investment Advisers LLC lifted its position in shares of Costco Wholesale by 54.3% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 10,538 shares of the retailer’s stock worth $9,343,000 after purchasing an additional 3,708 shares during the last quarter. Clarus Wealth Advisors lifted its position in shares of Costco Wholesale by 3.2% during the third quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock worth $730,000 after purchasing an additional 26 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in shares of Costco Wholesale by 9.1% during the third quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock worth $4,501,000 after purchasing an additional 429 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Wall Street Analyst Weigh In

COST has been the topic of several research analyst reports. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a research report on Tuesday, September 24th. Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays raised their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Finally, Roth Mkm raised their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $886.74.

Costco Wholesale Stock Down 1.5 %

Shares of Costco Wholesale stock traded down $13.95 during trading hours on Thursday, reaching $895.15. 559,525 shares of the company’s stock were exchanged, compared to its average volume of 1,952,516. The company has a 50 day moving average of $879.92 and a two-hundred day moving average of $825.10. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $396.85 billion, a P/E ratio of 55.46, a P/E/G ratio of 5.34 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted 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. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same period in the prior year, the business posted $4.86 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Costco Wholesale 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.