Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Axiom Advisory LLC

Axiom Advisory LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 960 shares of the retailer’s stock after buying an additional 123 shares during the period. Axiom Advisory LLC’s holdings in Costco Wholesale were worth $845,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. grew its holdings in shares of 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 purchasing an additional 39 shares in the last quarter. Vima LLC purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $34,000. Bank & Trust Co acquired a new stake in Costco Wholesale during the 2nd quarter worth approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction 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 of the company’s stock, valued at approximately $5,041,057.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. 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 worth $7,097,624. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Up 1.9 %

Shares of Costco Wholesale stock opened at $890.42 on Wednesday. The firm has a market cap of $394.75 billion, a price-to-earnings ratio of 55.17, a price-to-earnings-growth 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. The company’s 50-day simple moving average is $876.57 and its 200-day simple moving average is $823.41. 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 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. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.86 EPS. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 3rd. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price target for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. TD Cowen upped their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Robert W. Baird increased their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Finally, Evercore ISI boosted their target price on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $883.04.

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.