Costco Wholesale Corporation $COST Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 22.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 509 shares of the retailer’s stock after acquiring an additional 93 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Costco Wholesale were worth $504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fishman Jay A Ltd. MI boosted its stake in Costco Wholesale by 3.5% in the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after acquiring an additional 575 shares during the period. Independent Solutions Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after buying an additional 53 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after buying an additional 167 shares during the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale during the first quarter valued at approximately $3,095,000. Finally, Rossmore Private Capital raised its holdings in shares of Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock valued at $6,325,000 after buying an additional 62 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Evercore ISI cut their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $935.56 on Tuesday. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The stock has a market cap of $414.62 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 5.64 and a beta of 0.98. The stock’s 50 day moving average price is $951.65 and its 200 day moving average price is $972.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company earned $5.15 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal 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.