Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074 shares of the retailer’s stock after selling 196 shares during the period. Quotient Wealth Partners LLC’s holdings in Costco Wholesale were worth $1,839,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of COST. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the first quarter valued at approximately $32,000. Vima LLC purchased a new position in Costco Wholesale in the 4th quarter valued at about $34,000. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the second 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. Bank & Trust Co acquired a new position in shares of Costco Wholesale in the second quarter worth about $48,000. Finally, Ruedi Wealth Management Inc. grew its stake in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday, October 3rd. DA Davidson reaffirmed a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a report on Thursday, August 8th. Morgan Stanley increased 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. Finally, Loop Capital upped their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, 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 transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was 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 directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,174 shares of company stock valued at $7,097,624 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.4 %

NASDAQ COST traded down $13.10 on Thursday, hitting $896.00. 722,905 shares of the company were exchanged, compared to its average volume of 1,953,350. 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 twelve month low of $540.23 and a twelve month high of $923.83. The firm has a market capitalization of $397.23 billion, a P/E ratio of 55.46, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. The company’s 50 day moving average price is $879.92 and its 200-day moving average price is $825.10.

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. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the firm earned $4.86 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict that Costco Wholesale Co. will post 17.73 earnings per share 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.