Annapolis Financial Services LLC Sells 16 Shares of Costco Wholesale Co. (NASDAQ:COST)

Annapolis Financial Services LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 119 shares of the retailer’s stock after selling 16 shares during the period. Annapolis Financial Services LLC’s holdings in Costco Wholesale were worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Costco Wholesale by 224.5% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 3,589 shares of the retailer’s stock worth $3,182,000 after purchasing an additional 2,483 shares during the period. AAFMAA Wealth Management & Trust LLC grew its position in Costco Wholesale by 11.6% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 2,358 shares of the retailer’s stock worth $2,090,000 after buying an additional 245 shares in the last quarter. Curran Financial Partners LLC increased its stake in Costco Wholesale by 1.4% in the 3rd quarter. Curran Financial Partners LLC now owns 2,795 shares of the retailer’s stock worth $2,478,000 after acquiring an additional 38 shares during the last quarter. Market Street Wealth Management Advisors LLC raised its holdings in shares of Costco Wholesale by 1.0% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 2,219 shares of the retailer’s stock valued at $1,967,000 after acquiring an additional 21 shares in the last quarter. Finally, Firethorn Wealth Partners LLC boosted its position in shares of Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale 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 completion of the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock valued at $9,974,973 over the last three months. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COST. Oppenheimer upped their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Melius Research began coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Roth Mkm increased their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Bank of America boosted their price target 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, Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price objective for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Trading Down 0.8 %

Shares of NASDAQ COST opened at $887.38 on Thursday. The stock has a market cap of $393.41 billion, a P/E ratio of 54.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The firm has a 50-day moving average of $887.65 and a 200 day moving average of $830.66.

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

Costco Wholesale Company 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.