CFM Wealth Partners LLC Sells 714 Shares of Costco Wholesale Co. (NASDAQ:COST)

CFM Wealth Partners LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,344 shares of the retailer’s stock after selling 714 shares during the period. Costco Wholesale makes up 1.7% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 14th largest holding. CFM Wealth Partners LLC’s holdings in Costco Wholesale were worth $8,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 1st quarter valued at about $32,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Bank & Trust Co bought a new stake in Costco Wholesale during the second quarter worth about $48,000. Ruedi Wealth Management Inc. boosted its stake in Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Costco Wholesale during the second quarter worth about $50,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. DA Davidson reissued a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Bank of America boosted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. 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 stock has an average rating of “Moderate Buy” and an average price target of $886.74.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,224 shares of company stock valued at $9,974,973. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.5 %

Shares of COST stock opened at $894.61 on Wednesday. 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 $396.61 billion, a P/E ratio of 55.43, 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. The company has a 50 day simple moving average of $886.11 and a two-hundred day simple moving average of $830.26.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating 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 business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the prior year, the company earned $4.86 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current 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.