Cypress Wealth Services LLC Purchases 160 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cypress Wealth Services LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,820 shares of the retailer’s stock after acquiring an additional 160 shares during the quarter. Cypress Wealth Services LLC’s holdings in Costco Wholesale were worth $3,387,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in COST. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the first quarter valued at approximately $32,000. Vima LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $34,000. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co acquired a new stake in Costco Wholesale in the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its position in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock traded down $8.27 during midday trading on Thursday, reaching $900.83. 174,708 shares of the stock were exchanged, compared to its average volume of 1,950,553. The company’s fifty day moving average is $879.92 and its 200-day moving average is $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. The firm has a market cap of $399.37 billion, a PE ratio of 56.33, a PEG ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

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

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Loop Capital raised their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Thursday, October 3rd. Oppenheimer lifted their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $886.74.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on 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 transaction, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,174 shares of company stock valued at $7,097,624 in the last quarter. Insiders own 0.18% of the company’s stock.

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.