Annex Advisory Services LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Annex Advisory Services LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,165 shares of the retailer’s stock after acquiring an additional 1,751 shares during the period. Annex Advisory Services LLC’s holdings in Costco Wholesale were worth $23,196,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COST. Redmont Wealth Advisors LLC purchased a new position in Costco Wholesale during the first quarter worth approximately $32,000. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co purchased a new position in shares of Costco Wholesale during the 2nd quarter worth $48,000. Ruedi Wealth Management Inc. boosted its position in shares of Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after acquiring an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Costco Wholesale in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

Shares of Costco Wholesale stock opened at $889.03 on Friday. 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 Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a market capitalization 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 50 day moving average of $882.80 and a 200 day moving average of $827.34.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $79.91 billion. During the same quarter in the previous year, the firm posted $4.86 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on COST shares. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a research note on Tuesday, September 24th. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Loop Capital increased their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $886.74.

Insider Transactions at Costco Wholesale

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value 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 $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,674 shares of company stock valued at $5,831,324. Corporate 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.