Gill Capital Partners LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Gill Capital Partners LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,259 shares of the retailer’s stock after buying an additional 26 shares during the period. Gill Capital Partners LLC’s holdings in Costco Wholesale were worth $1,116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COST. Visionary Wealth Advisors raised its holdings in Costco Wholesale by 1.8% in the fourth 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 period. Icon Wealth Advisors LLC purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $1,063,000. Northwest Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $253,000. BOKF NA raised its stake in shares of Costco Wholesale by 0.4% during the fourth quarter. BOKF NA now owns 41,117 shares of the retailer’s stock valued at $27,141,000 after purchasing an additional 170 shares during the period. Finally, Ethic Inc. raised its stake in shares of Costco Wholesale by 17.3% during the fourth quarter. Ethic Inc. now owns 10,196 shares of the retailer’s stock valued at $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.

Analyst Upgrades and Downgrades

COST has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group lifted their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company lifted 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. Telsey Advisory Group reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $883.04.

Costco Wholesale Stock Up 1.9 %

Costco Wholesale stock opened at $890.42 on Wednesday. The company has a 50-day simple moving average of $878.18 and a 200-day simple moving average of $824.51. The firm has a market capitalization of $394.75 billion, a P/E ratio of 55.17, a P/E/G ratio of 5.34 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. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.86 earnings per share. As a group, equities analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insider Transactions at Costco Wholesale

In other news, 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 transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. This 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 Claudine Adamo sold 3,200 shares of the 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 transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,174 shares of company stock worth $7,097,624. 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.