Costco Wholesale Co. (NASDAQ:COST) Shares Sold by HCR Wealth Advisors

HCR Wealth Advisors lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,033 shares of the retailer’s stock after selling 56 shares during the period. Costco Wholesale comprises about 0.9% of HCR Wealth Advisors’ portfolio, making the stock its 16th largest holding. HCR Wealth Advisors’ holdings in Costco Wholesale were worth $7,122,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Strong Tower Advisory Services grew its position in Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Costco Wholesale by 52.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares in the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after buying an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC lifted its stake in shares of Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock traded down $4.60 on Friday, hitting $889.03. The company had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company has a market cap of $394.14 billion, a PE ratio of 55.08, a PEG ratio of 5.53 and a beta of 0.80. The business has a 50-day simple moving average of $882.80 and a 200-day simple moving average of $826.67.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on COST shares. Roth Mkm increased their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. The Goldman Sachs Group increased their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Thursday. Finally, Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $886.74.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on 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 in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction 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 sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on Monday, September 30th. The shares were 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 owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,674 shares of company stock worth $5,831,324 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.