Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Willner & Heller LLC

Willner & Heller LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 28.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 568 shares of the retailer’s stock after purchasing an additional 126 shares during the quarter. Willner & Heller LLC’s holdings in Costco Wholesale were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at $32,000. Financial Connections Group Inc. grew its position in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co purchased a new stake in shares of Costco Wholesale during the second quarter worth about $48,000. Ruedi Wealth Management Inc. raised its position in shares of Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Costco Wholesale in the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

COST traded down $4.60 during trading hours on Friday, hitting $889.03. 1,527,294 shares of the company’s stock were exchanged, compared to its average volume of 1,956,339. The firm has a market cap of $394.14 billion, a P/E ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $882.80 and a 200 day moving average of $827.34.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm earned $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Insider Activity

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Claudine Adamo sold 3,200 shares of the 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 transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,674 shares of company stock worth $5,831,324. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COST shares. BMO Capital Markets reissued an “outperform” rating and set a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Bank of America raised their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. DA Davidson reiterated a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research report on Thursday. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a research report on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

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.