Beaumont Financial Advisors LLC Has $4.64 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Beaumont Financial Advisors LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,229 shares of the retailer’s stock after buying an additional 173 shares during the period. Beaumont Financial Advisors LLC’s holdings in Costco Wholesale were worth $4,635,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of COST. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. Vima LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $34,000. Bank & Trust Co acquired a new position in Costco Wholesale during the second quarter worth $48,000. Finally, Ruedi Wealth Management Inc. lifted its stake in shares of Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Bank of America lifted their price target on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Robert W. Baird upped their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Ten equities research 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $886.74.

Costco Wholesale Trading Down 1.7 %

Costco Wholesale stock opened at $893.63 on Friday. The stock has a market cap of $396.17 billion, a P/E ratio of 53.93, a PEG ratio of 5.53 and a beta of 0.80. 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’s fifty day moving average price is $881.46 and its 200-day moving average price is $825.57. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly 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. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $4.86 EPS. Equities research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of the company’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 completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 6,674 shares of company stock valued at $5,831,324 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.