Prospect Financial Services LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Prospect Financial Services LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 32.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 749 shares of the retailer’s stock after acquiring an additional 184 shares during the quarter. Prospect Financial Services LLC’s holdings in Costco Wholesale were worth $664,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Astoria Strategic Wealth Inc. purchased a new stake in Costco Wholesale in the third quarter valued at approximately $206,000. Magnus Financial Group LLC increased its holdings 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 last quarter. Investment Advisory Group LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $387,000. Keystone Wealth Services LLC lifted its holdings in shares of Costco Wholesale by 124.1% during the 3rd quarter. Keystone Wealth Services LLC now owns 9,080 shares of the retailer’s stock worth $8,049,000 after acquiring an additional 5,028 shares during the last quarter. Finally, First Pacific Financial lifted its holdings in shares of Costco Wholesale by 1.3% during the 3rd quarter. First Pacific Financial now owns 4,884 shares of the retailer’s stock worth $4,330,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. 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 11,224 shares of company stock valued at $9,974,973 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.5 %

Shares of NASDAQ COST opened at $894.61 on Wednesday. The firm has a fifty day simple moving average of $886.11 and a two-hundred day simple moving average of $830.26. The firm has a market capitalization of $396.61 billion, a PE ratio of 55.43, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. 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 Co. has a 12 month low of $540.23 and a 12 month high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping 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 business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same period last year, the business posted $4.86 earnings per share. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COST. DA Davidson restated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Robert W. Baird raised their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. The Goldman Sachs Group upped their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Oppenheimer lifted their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Company 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.