Steigerwald Gordon & Koch Inc. Buys 15 Shares of Costco Wholesale Co. (NASDAQ:COST)

Steigerwald Gordon & Koch Inc. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 3rd quarter, Holdings Channel reports. The fund owned 1,480 shares of the retailer’s stock after acquiring an additional 15 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Costco Wholesale were worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale in the 1st quarter valued at about $32,000. Vima LLC bought a new position in Costco Wholesale in the fourth quarter valued at approximately $34,000. Financial Connections Group Inc. increased 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 last quarter. Bank & Trust Co bought a new position in Costco Wholesale in the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its position 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 buying an additional 25 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was 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 legal filing with the SEC, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,174 shares of company stock valued at $7,097,624 over the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock traded down $13.95 during midday trading on Thursday, reaching $895.15. 559,525 shares of the stock were exchanged, compared to its average volume of 1,952,516. The company’s fifty day moving average is $879.92 and its 200-day moving average is $825.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market cap of $396.85 billion, a PE ratio of 55.46, a PEG ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

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 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 firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the company posted $4.86 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. 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 research note on Tuesday, September 24th. Barclays lifted their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $886.74.

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.