Ironwood Financial llc Buys 76 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ironwood Financial llc lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,830 shares of the retailer’s stock after purchasing an additional 76 shares during the quarter. Ironwood Financial llc’s holdings in Costco Wholesale were worth $3,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Neville Rodie & Shaw Inc. raised its position in Costco Wholesale by 0.4% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 35,192 shares of the retailer’s stock valued at $25,783,000 after buying an additional 133 shares during the last quarter. Rise Advisors LLC lifted its position in shares of Costco Wholesale by 41.7% during the first quarter. Rise Advisors LLC now owns 748 shares of the retailer’s stock valued at $548,000 after purchasing an additional 220 shares in the last quarter. Farmers Trust Co. purchased a new position in Costco Wholesale during the first quarter worth about $216,000. Collective Family Office LLC grew its position in Costco Wholesale by 3.4% in the 1st quarter. Collective Family Office LLC now owns 947 shares of the retailer’s stock worth $694,000 after purchasing an additional 31 shares in the last quarter. Finally, Safeguard Financial LLC increased its stake in Costco Wholesale by 10.8% in the 1st quarter. Safeguard Financial LLC now owns 349 shares of the retailer’s stock valued at $256,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COST shares. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $2.76 during midday trading on Thursday, reaching $890.14. 118,312 shares of the stock were exchanged, compared to its average volume of 1,940,625. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. 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 firm has a market cap of $394.63 billion, a PE ratio of 54.98, a PEG ratio of 5.53 and a beta of 0.80. The company’s fifty day moving average is $887.65 and its 200-day moving average is $830.66.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.86 earnings per share. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,224 shares of company stock worth $9,974,973. 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.