296 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by McCarthy & Cox

McCarthy & Cox bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 296 shares of the retailer’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GLOBALT Investments LLC GA bought a new stake in Costco Wholesale in the fourth quarter valued at $2,505,000. Smith Shellnut Wilson LLC ADV boosted its stake in Costco Wholesale by 4.4% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 1,191 shares of the retailer’s stock valued at $786,000 after purchasing an additional 50 shares during the period. American Trust grew its position in Costco Wholesale by 3.7% in the 4th quarter. American Trust now owns 9,777 shares of the retailer’s stock worth $6,454,000 after purchasing an additional 350 shares during the last quarter. Garde Capital Inc. increased its stake in shares of Costco Wholesale by 4.2% in the fourth quarter. Garde Capital Inc. now owns 4,003 shares of the retailer’s stock valued at $2,642,000 after purchasing an additional 163 shares during the period. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Costco Wholesale by 2,725.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 113 shares of the retailer’s stock valued at $74,000 after buying an additional 109 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. 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 this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s 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 transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,674 shares of company stock worth $5,831,324. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

Shares of COST traded down $4.60 during trading hours on Friday, reaching $889.03. The company’s stock had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. The company has a 50 day moving average of $882.80 and a two-hundred day moving average of $827.34. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a market cap of $394.14 billion, a price-to-earnings ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the business earned $4.86 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Oppenheimer upped their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday. Loop Capital increased 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. Roth Mkm boosted their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Barclays increased their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $886.74.

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.