CRA Financial Services LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

CRA Financial Services LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,455 shares of the retailer’s stock after purchasing an additional 53 shares during the quarter. CRA Financial Services LLC’s holdings in Costco Wholesale were worth $1,290,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COST. Redmont Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth $32,000. Vima LLC acquired a new position in Costco Wholesale in the fourth quarter worth about $34,000. Financial Connections Group Inc. boosted its stake in 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 acquiring an additional 39 shares during the period. Bank & Trust Co acquired a new position in Costco Wholesale in the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its stake in 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 acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COST shares. Barclays lifted their price target on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. 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. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Bank of America boosted their target price on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Morgan Stanley boosted their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale 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 sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 approximately $9,327,041.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,674 shares of company stock valued at $5,831,324. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

Shares of Costco Wholesale stock traded down $4.60 on Friday, hitting $889.03. 1,527,294 shares of the company traded hands, compared to its average volume of 1,956,339. The company has a 50-day moving average price of $882.80 and a 200 day moving average price of $826.67. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The company has a market cap of $394.14 billion, a PE ratio of 55.08, a PEG ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating 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 business 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. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

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.