Ritholtz Wealth Management Has $16.73 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Ritholtz Wealth Management increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,876 shares of the retailer’s stock after buying an additional 1,419 shares during the period. Ritholtz Wealth Management’s holdings in Costco Wholesale were worth $16,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Strong Tower Advisory Services boosted its holdings in shares of Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after purchasing an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after purchasing an additional 932 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Costco Wholesale by 52.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after buying an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its stake in shares of Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after buying an additional 1,319 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COST. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research note on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Thursday. Melius Research began coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. Stifel Nicolaus raised their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $886.74.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ:COST traded down $4.60 during mid-day trading on Friday, hitting $889.03. 1,527,294 shares of the company traded hands, compared to its average volume of 1,956,339. The stock has a 50-day moving average price of $882.80 and a two-hundred day moving average price of $826.67. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The stock has a market cap of $394.14 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last posted 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. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. 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 prior year, the business posted $4.86 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Claudine Adamo sold 3,200 shares of the 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 sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the sale, the insider now owns 10,992 shares in the company, valued at $9,327,041.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,674 shares of company stock worth $5,831,324. Insiders own 0.18% of the company’s stock.

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.