Investment Advisory Group LLC Invests $387,000 in Costco Wholesale Co. (NASDAQ:COST)

Investment Advisory Group LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 436 shares of the retailer’s stock, valued at approximately $387,000.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale in the first quarter worth about $32,000. Financial Connections Group Inc. lifted its holdings in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co bought a new position in Costco Wholesale in the second quarter worth about $48,000. Ruedi Wealth Management Inc. lifted its holdings in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in Costco Wholesale in the second quarter worth about $50,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $4.85 during mid-day trading on Tuesday, hitting $894.61. The company’s stock had a trading volume of 1,613,444 shares, compared to its average volume of 1,952,117. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $396.61 billion, a P/E ratio of 55.54, a P/E/G ratio of 5.53 and a beta of 0.80. The stock’s fifty day moving average price is $884.56 and its two-hundred day moving average price is $829.12.

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

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,224 shares of company stock worth $9,974,973. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on COST. TD Cowen lifted their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Melius Research began coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.