Brookstone Capital Management Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Brookstone Capital Management increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,915 shares of the retailer’s stock after acquiring an additional 374 shares during the quarter. Brookstone Capital Management’s holdings in Costco Wholesale were worth $14,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Visionary Wealth Advisors grew its position in Costco Wholesale by 1.8% in the 4th quarter. Visionary Wealth Advisors now owns 3,418 shares of the retailer’s stock valued at $2,256,000 after buying an additional 59 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $1,063,000. Northwest Wealth Management LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $253,000. BOKF NA raised its holdings in Costco Wholesale by 0.4% during the fourth quarter. BOKF NA now owns 41,117 shares of the retailer’s stock worth $27,141,000 after purchasing an additional 170 shares in the last quarter. Finally, Ethic Inc. increased its position in Costco Wholesale by 17.3% during the 4th quarter. Ethic Inc. now owns 10,196 shares of the retailer’s stock worth $6,730,000 after purchasing an additional 1,503 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $890.42 on Wednesday. The stock has a market capitalization of $394.75 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth ratio of 5.34 and a beta of 0.80. 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 52-week low of $540.23 and a 52-week high of $923.83. The stock’s fifty day simple moving average is $876.57 and its 200-day simple moving average is $823.41.

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, topping analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $4.86 EPS. Equities research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,174 shares of company stock valued at $7,097,624. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Tigress Financial upped their price objective on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Wells Fargo & Company raised 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 note on Friday, September 27th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $883.04.

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.