Costco Wholesale Co. (NASDAQ:COST) is Cadinha & Co. LLC’s 2nd Largest Position

Cadinha & Co. LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 39,336 shares of the retailer’s stock after selling 281 shares during the period. Costco Wholesale makes up about 6.0% of Cadinha & Co. LLC’s holdings, making the stock its 2nd largest holding. Cadinha & Co. LLC’s holdings in Costco Wholesale were worth $34,872,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COST. Vanguard Group Inc. raised its stake in shares of Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after acquiring an additional 473,702 shares in the last quarter. Capital World Investors raised its stake in shares of Costco Wholesale by 8.1% in the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after acquiring an additional 285,533 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after acquiring an additional 88,550 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Costco Wholesale by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock valued at $1,842,241,000 after acquiring an additional 81,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after acquiring an additional 338,780 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

COST traded down $10.84 during trading on Thursday, reaching $898.26. The company’s stock had a trading volume of 384,388 shares, compared to its average volume of 1,951,623. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company’s fifty day moving average price is $879.92 and its 200-day moving average price is $825.10. The company has a market capitalization of $398.23 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the company earned $4.86 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on 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 directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on 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 directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,174 shares of company stock worth $7,097,624. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of analyst reports. DA Davidson raised their price target on Costco Wholesale from $780.00 to $880.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Stifel Nicolaus raised their price target on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America raised their price target on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $886.74.

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.