Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Wagner Wealth Management LLC

Wagner Wealth Management LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 330 shares of the retailer’s stock after selling 21 shares during the quarter. Wagner Wealth Management LLC’s holdings in Costco Wholesale were worth $293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Sunflower Bank N.A. raised its holdings in shares of Costco Wholesale by 11.1% during the 3rd quarter. Sunflower Bank N.A. now owns 638 shares of the retailer’s stock worth $566,000 after acquiring an additional 64 shares during the period. Willner & Heller LLC raised its holdings in Costco Wholesale by 28.5% in the 3rd quarter. Willner & Heller LLC now owns 568 shares of the retailer’s stock valued at $503,000 after buying an additional 126 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in Costco Wholesale by 16.3% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 556 shares of the retailer’s stock valued at $493,000 after buying an additional 78 shares during the period. Johnson Bixby & Associates LLC raised its holdings in Costco Wholesale by 20.2% in the 3rd quarter. Johnson Bixby & Associates LLC now owns 566 shares of the retailer’s stock valued at $501,000 after buying an additional 95 shares during the period. Finally, McCarthy & Cox purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $262,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated 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 owns 10,992 shares of the company’s stock, valued at $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,674 shares of company stock valued at $5,831,324 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded down $4.60 during trading on Friday, reaching $889.03. The stock had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. The stock has a market cap of $394.14 billion, a PE 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 two-hundred day moving average price is $827.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the prior year, the business posted $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COST has been the topic of several research analyst reports. Loop Capital boosted their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday, September 27th. TD Cowen boosted their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Morgan Stanley boosted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Oppenheimer boosted their price objective on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $886.74.

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.