Costco Wholesale Corporation $COST Shares Sold by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,417 shares of the retailer’s stock after selling 128 shares during the quarter. Costco Wholesale comprises about 1.3% of Elmwood Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. Elmwood Wealth Management Inc.’s holdings in Costco Wholesale were worth $3,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in Costco Wholesale in the second quarter worth about $25,000. Anderson Financial Strategies LLC lifted its holdings in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares during the period. Financial Connections Group Inc. lifted its holdings in Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after purchasing an additional 39 shares during the period. eCIO Inc. acquired a new stake in Costco Wholesale in the first quarter worth about $48,000. Finally, Aspect Partners LLC lifted its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Citigroup cut their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Truist Financial cut their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Mizuho cut their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Daiwa Capital Markets cut their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

Insider Activity

In other news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,912,100. This represents a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated 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 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 currently owned by insiders.

Costco Wholesale Price Performance

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

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

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.