Costco Wholesale Co. (NASDAQ:COST) Position Cut by Sivia Capital Partners LLC

Sivia Capital Partners LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,697 shares of the retailer’s stock after selling 153 shares during the quarter. Costco Wholesale comprises about 1.9% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 9th largest holding. Sivia Capital Partners LLC’s holdings in Costco Wholesale were worth $3,278,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of COST. Fermata Advisors LLC grew its position in Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the period. Oak Asset Management LLC boosted its position in Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the last quarter. Peddock Capital Advisors LLC boosted its position in Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the last quarter. Perkins Coie Trust Co boosted its position in Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its stake in Costco Wholesale by 1.3% during the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.0 %

Shares of Costco Wholesale stock traded down $0.31 during trading on Monday, hitting $888.72. The stock had a trading volume of 542,381 shares, compared to its average volume of 1,949,338. The stock has a 50 day simple moving average of $882.80 and a 200 day simple moving average of $828.01. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The company has a market capitalization of $394.00 billion, a PE ratio of 55.20, a P/E/G ratio of 5.53 and a beta of 0.80. 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 (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $79.91 billion. During the same period in the previous year, the firm posted $4.86 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

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 shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were 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 owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,824 shares of company stock worth $4,260,493 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research note on Thursday. Loop Capital raised 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 note on Friday, September 27th. Finally, Stifel Nicolaus raised their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.