Johnson Bixby & Associates LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Johnson Bixby & Associates LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 566 shares of the retailer’s stock after buying an additional 95 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in Costco Wholesale were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strong Tower Advisory Services lifted its holdings in Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after acquiring an additional 2,620 shares during the period. Main Street Financial Solutions LLC lifted its stake in Costco Wholesale by 22.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after purchasing an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its holdings in Costco Wholesale by 30.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.5 %

Shares of COST traded down $4.60 during trading hours on Friday, hitting $889.03. The company had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. The firm has a market cap of $394.14 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. The stock’s 50 day moving average price is $882.80 and its 200 day moving average price is $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. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) 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 the consensus estimate of $79.91 billion. During the same quarter in the previous year, the business earned $4.86 EPS. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on COST. Barclays upped their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research note on Thursday, August 8th. Roth Mkm lifted their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research note on Tuesday, September 24th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Insider Activity at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 10,992 shares in the company, valued at $9,327,041.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The stock was 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 approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the sale, the insider now directly owns 10,992 shares in the company, valued at approximately $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. 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 90 days. Company insiders own 0.18% of the company’s stock.

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.