Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Scott Capital Advisors LLC

Scott Capital Advisors LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,337 shares of the retailer’s stock after acquiring an additional 33 shares during the period. Costco Wholesale accounts for about 0.3% of Scott Capital Advisors LLC’s portfolio, making the stock its 23rd biggest position. Scott Capital Advisors LLC’s holdings in Costco Wholesale were worth $1,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Biltmore Family Office LLC raised its position in Costco Wholesale by 8.4% in the fourth quarter. Biltmore Family Office LLC now owns 786 shares of the retailer’s stock worth $531,000 after acquiring an additional 61 shares in the last quarter. Baird Financial Group Inc. raised its position in Costco Wholesale by 24.0% in the fourth quarter. Baird Financial Group Inc. now owns 630,275 shares of the retailer’s stock worth $416,032,000 after acquiring an additional 122,053 shares in the last quarter. Buckingham Strategic Wealth LLC raised its position in Costco Wholesale by 2.9% in the fourth quarter. Buckingham Strategic Wealth LLC now owns 18,481 shares of the retailer’s stock worth $12,199,000 after acquiring an additional 513 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in Costco Wholesale by 0.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 158,156 shares of the retailer’s stock worth $104,396,000 after acquiring an additional 580 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Costco Wholesale by 38.5% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 352,961 shares of the retailer’s stock worth $232,982,000 after acquiring an additional 98,184 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the transaction, the insider now directly owns 10,992 shares in the company, valued at approximately $9,327,041.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,674 shares of company stock worth $5,831,324 over the last three months. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday. Evercore ISI boosted their price objective on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a report on Thursday, August 8th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ COST traded down $4.57 during trading hours on Friday, hitting $889.06. The stock had a trading volume of 191,867 shares, compared to its average volume of 1,949,702. The company has a market capitalization of $394.15 billion, a P/E ratio of 53.93, a P/E/G ratio of 5.53 and a beta of 0.80. The firm’s 50-day moving average price is $881.46 and its two-hundred day moving average price is $825.57. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. 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 posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the company earned $4.86 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate 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.