Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by NatWest Group plc

NatWest Group plc boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 24.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,154 shares of the retailer’s stock after acquiring an additional 1,588 shares during the quarter. Costco Wholesale comprises approximately 2.1% of NatWest Group plc’s portfolio, making the stock its 22nd biggest holding. NatWest Group plc’s holdings in Costco Wholesale were worth $7,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Strong Tower Advisory Services boosted its holdings in Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after acquiring an additional 932 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Costco Wholesale by 52.1% in 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 increased 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 valued at $3,003,000 after purchasing an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC raised its holdings in Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after purchasing an additional 1,319 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on COST shares. Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Tigress Financial restated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday. Wells Fargo & Company increased their price target 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. Finally, Bank of America lifted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $890.07.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents 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 at this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. The trade was a 0.00 % decrease in their position. 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. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

Shares of COST opened at $885.29 on Friday. The stock’s fifty day simple moving average is $888.57 and its 200 day simple moving average is $831.04. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $392.48 billion, a P/E ratio of 54.85, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 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 period last year, the business posted $4.86 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

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.