Silverlake Wealth Management LLC Buys 482 Shares of Costco Wholesale Co. (NASDAQ:COST)

Silverlake Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 27.2% during the third quarter, HoldingsChannel.com reports. The fund owned 2,253 shares of the retailer’s stock after purchasing an additional 482 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Costco Wholesale were worth $1,998,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wulff Hansen & CO. grew its position in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Costco Wholesale in the 1st quarter worth approximately $510,353,000. Assenagon Asset Management S.A. increased its stake in Costco Wholesale by 287.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after acquiring an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after acquiring an additional 618,383 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after acquiring an additional 485,051 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on COST shares. DA Davidson reiterated a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Melius Research assumed coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Tigress Financial lifted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Finally, Evercore ISI boosted their price objective on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $886.74.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’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 in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 3,200 shares of the 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 transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $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 a total of 6,674 shares of company stock worth $5,831,324 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

COST stock traded down $4.60 during mid-day trading on Friday, reaching $889.03. 1,527,294 shares of the company’s stock were exchanged, compared to its average volume of 1,956,339. The company has a market cap of $394.14 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The stock’s 50 day moving average is $882.80 and its 200 day moving average is $826.67. 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 (NASDAQ:COST) last released its quarterly earnings results 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 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 analysts’ expectations of $79.91 billion. During the same period in the prior year, the firm earned $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current year.

About Costco Wholesale

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.