C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $2.14 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 62.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,417 shares of the retailer’s stock after acquiring an additional 932 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Costco Wholesale were worth $2,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Oak Asset Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after buying an additional 12 shares in the last quarter. Bedel Financial Consulting Inc. boosted its stake in Costco Wholesale by 1.3% during the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after buying an additional 13 shares in the last quarter. Boltwood Capital Management boosted its stake in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after buying an additional 13 shares in the last quarter. Finally, LifePro Asset Management boosted its stake in Costco Wholesale by 3.8% during the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other 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 sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 sale, 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 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 in the last quarter. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of COST opened at $890.42 on Wednesday. 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 stock has a 50 day simple moving average of $878.18 and a 200 day simple moving average of $824.51. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The firm has a market capitalization of $394.75 billion, a PE ratio of 55.17, a P/E/G ratio of 5.34 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data 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 period in the previous year, the firm earned $4.86 EPS. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COST shares. TD Cowen boosted their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Loop Capital boosted their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Barclays boosted their target price 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, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $883.04.

Costco Wholesale Company 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.