Petredis Investment Advisors LLC Buys 70 Shares of Costco Wholesale Co. (NASDAQ:COST)

Petredis Investment Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 16,578 shares of the retailer’s stock after purchasing an additional 70 shares during the period. Costco Wholesale makes up about 1.6% of Petredis Investment Advisors LLC’s portfolio, making the stock its 14th biggest position. Petredis Investment Advisors LLC’s holdings in Costco Wholesale were worth $14,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prospect Financial Services LLC grew its position in shares of Costco Wholesale by 32.6% in the 3rd quarter. Prospect Financial Services LLC now owns 749 shares of the retailer’s stock worth $664,000 after buying an additional 184 shares during the period. Astoria Strategic Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 3rd quarter worth about $206,000. Magnus Financial Group LLC grew its position in shares of Costco Wholesale by 14.2% in the 3rd quarter. Magnus Financial Group LLC now owns 1,253 shares of the retailer’s stock worth $1,111,000 after buying an additional 156 shares during the period. Investment Advisory Group LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter worth about $387,000. Finally, Keystone Wealth Services LLC grew its position in shares of Costco Wholesale by 124.1% in the 3rd quarter. Keystone Wealth Services LLC now owns 9,080 shares of the retailer’s stock worth $8,049,000 after buying an additional 5,028 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $894.61 on Wednesday. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The stock has a market cap of $396.61 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 5.53 and a beta of 0.80. The company’s 50 day moving average is $886.11 and its two-hundred day moving average is $830.26. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last released its 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 net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the business earned $4.86 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,224 shares of company stock worth $9,974,973. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Evercore ISI increased their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Loop Capital increased their price objective 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. Finally, Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.