Brown Miller Wealth Management LLC Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Brown Miller Wealth Management LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 887 shares of the retailer’s stock after buying an additional 43 shares during the period. Brown Miller Wealth Management LLC’s holdings in Costco Wholesale were worth $786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fermata Advisors LLC grew its stake in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after acquiring an additional 11 shares during the period. Oak Asset Management LLC grew its position in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC grew its position in shares of Costco Wholesale by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares during the period. Perkins Coie Trust Co increased its stake in shares of Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in shares of Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $889.03 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market cap of $394.14 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. The firm’s 50 day moving average price is $882.80 and its 200-day moving average price is $827.34. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $79.91 billion. During the same quarter in the previous year, the company earned $4.86 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale 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 completion of the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s 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 completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the sale, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,674 shares of company stock valued at $5,831,324. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on COST. Loop Capital boosted their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Robert W. Baird raised their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Barclays lifted their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, DA Davidson reiterated a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $886.74.

About Costco Wholesale

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.