RFG Advisory LLC Acquires 1,715 Shares of Costco Wholesale Corporation $COST

RFG Advisory LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 26.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,305 shares of the retailer’s stock after buying an additional 1,715 shares during the quarter. RFG Advisory LLC’s holdings in Costco Wholesale were worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Perfromance Wealth Partners LLC grew its position in Costco Wholesale by 0.8% during the second quarter. Perfromance Wealth Partners LLC now owns 70,921 shares of the retailer’s stock valued at $70,207,000 after buying an additional 577 shares during the period. Naviter Wealth LLC grew its position in Costco Wholesale by 0.7% during the second quarter. Naviter Wealth LLC now owns 4,330 shares of the retailer’s stock valued at $4,286,000 after buying an additional 31 shares during the period. Axxcess Wealth Management LLC grew its position in Costco Wholesale by 4.6% during the second quarter. Axxcess Wealth Management LLC now owns 14,671 shares of the retailer’s stock valued at $14,523,000 after buying an additional 651 shares during the period. Moran Wealth Management LLC grew its position in Costco Wholesale by 1.1% during the second quarter. Moran Wealth Management LLC now owns 11,704 shares of the retailer’s stock valued at $11,586,000 after buying an additional 128 shares during the period. Finally, Cutler Investment Counsel LLC grew its position in Costco Wholesale by 7.8% during the second quarter. Cutler Investment Counsel LLC now owns 2,893 shares of the retailer’s stock valued at $2,864,000 after buying an additional 210 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 1.2%

Shares of COST opened at $946.51 on Wednesday. The company’s fifty day moving average is $951.71 and its 200 day moving average is $971.87. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23. The stock has a market capitalization of $419.47 billion, a PE ratio of 51.98, a P/E/G ratio of 5.67 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company 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 business posted $5.15 earnings per share. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction 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 trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COST. Sanford C. Bernstein lifted their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Evercore ISI lowered their price target on shares of 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. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. BTIG Research began coverage on shares of Costco Wholesale in a report on Tuesday. They set a “buy” rating and a $1,115.00 price target on the stock. Finally, Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Twenty analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,068.04.

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.