Walker Financial Services Inc. Purchases 25 Shares of Costco Wholesale Co. (NASDAQ:COST)

Walker Financial Services Inc. raised its position in Costco Wholesale Co. (NASDAQ:COST) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 306 shares of the retailer’s stock after purchasing an additional 25 shares during the period. Costco Wholesale makes up about 0.2% of Walker Financial Services Inc.’s investment portfolio, making the stock its 26th biggest holding. Walker Financial Services Inc.’s holdings in Costco Wholesale were worth $271,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 1st quarter valued at $32,000. Financial Connections Group Inc. increased its holdings 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 worth $39,000 after acquiring an additional 39 shares in the last quarter. Vima LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $34,000. Bank & Trust Co bought a new position in shares of Costco Wholesale during the 2nd quarter valued at about $48,000. Finally, Ruedi Wealth Management Inc. grew its position in shares of Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 in the company, 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 at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’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 completion of the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,674 shares of company stock valued at $5,831,324. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 0.5 %

Shares of Costco Wholesale stock opened at $889.03 on Friday. 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 capitalization of $394.14 billion, a price-to-earnings ratio of 55.08, a PEG 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 $826.67.

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 analysts’ consensus estimates 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 last year, the firm posted $4.86 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. The Goldman Sachs Group increased their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” 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 objective for the company. in a research report on Tuesday, September 24th. Finally, TD Cowen lifted their target price on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target 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.