Talbot Financial LLC Raises Stake in Costco Wholesale Co. (NASDAQ:COST)

Talbot Financial LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 19,306 shares of the retailer’s stock after acquiring an additional 216 shares during the period. Costco Wholesale accounts for approximately 2.1% of Talbot Financial LLC’s holdings, making the stock its 13th largest position. Talbot Financial LLC’s holdings in Costco Wholesale were worth $17,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Visionary Wealth Advisors lifted its position in shares of Costco Wholesale by 1.8% during the 4th quarter. Visionary Wealth Advisors now owns 3,418 shares of the retailer’s stock worth $2,256,000 after buying an additional 59 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $1,063,000. Northwest Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $253,000. BOKF NA boosted its position in shares of Costco Wholesale by 0.4% in the 4th 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. grew its stake 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 buying an additional 1,503 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COST. Bank of America raised their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a report on Tuesday, September 24th. TD Cowen boosted their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Melius Research assumed coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Finally, The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $883.04.

Costco Wholesale Price Performance

COST opened at $890.42 on Wednesday. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a 50 day moving average of $876.57 and a two-hundred day moving average of $823.41. The company has a market cap 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 quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period last year, the company posted $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s 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 directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Friday, July 12th. The stock was 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,174 shares of company stock valued at $7,097,624 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

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.