Perkins Coie Trust Co Raises Holdings in Costco Wholesale Co. (NASDAQ:COST)

Perkins Coie Trust Co boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,675 shares of the retailer’s stock after acquiring an additional 12 shares during the quarter. Perkins Coie Trust Co’s holdings in Costco Wholesale were worth $4,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of COST. Visionary Wealth Advisors lifted its holdings in Costco Wholesale by 1.8% in 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 period. Icon Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $1,063,000. Northwest Wealth Management LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth approximately $253,000. BOKF NA raised 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 worth $27,141,000 after acquiring an additional 170 shares in the last quarter. Finally, Ethic Inc. raised its position in shares of Costco Wholesale by 17.3% in the 4th quarter. Ethic Inc. now owns 10,196 shares of the retailer’s stock worth $6,730,000 after acquiring an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Loop Capital increased their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. TD Cowen increased their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Barclays increased their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. DA Davidson raised their price objective on Costco Wholesale from $780.00 to $880.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Ten equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $883.04.

Costco Wholesale Stock Performance

Shares of COST traded up $2.71 during trading hours on Wednesday, hitting $893.13. The stock had a trading volume of 160,152 shares, compared to its average volume of 1,950,448. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The firm has a market capitalization of $395.96 billion, a PE ratio of 55.17, a PEG ratio of 5.34 and a beta of 0.80. The stock has a fifty day moving average price of $878.18 and a 200 day moving average price of $824.51.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (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 business 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. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This trade 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 valued at $7,097,624. Company insiders own 0.18% of the company’s stock.

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.