Avity Investment Management Inc. Trims Holdings in Costco Wholesale Co. (NASDAQ:COST)

Avity Investment Management Inc. trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 551 shares of the retailer’s stock after selling 25 shares during the period. Avity Investment Management Inc.’s holdings in Costco Wholesale were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $32,000. Vima LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $34,000. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% during 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. Bank & Trust Co bought a new position in Costco Wholesale in the second quarter worth about $48,000. Finally, Ruedi Wealth Management Inc. lifted its position in shares of Costco Wholesale by 73.5% during the second 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 last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were 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 in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,674 shares of company stock valued at $5,831,324 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COST. BMO Capital Markets restated an “outperform” rating and issued a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Bank of America increased their price target on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday. TD Cowen raised their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Tigress Financial boosted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Costco Wholesale Price Performance

Shares of COST stock traded down $4.60 on Friday, reaching $889.03. 1,527,294 shares of the company were exchanged, compared to its average volume of 1,956,339. The company has a market cap of $394.14 billion, a price-to-earnings ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The business has a 50-day moving average price of $882.80 and a 200 day moving average price of $826.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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

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.