AAFMAA Wealth Management & Trust LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

AAFMAA Wealth Management & Trust LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,358 shares of the retailer’s stock after purchasing an additional 245 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Costco Wholesale were worth $2,090,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of COST. Curran Financial Partners LLC boosted its holdings in shares of Costco Wholesale by 1.4% in the third quarter. Curran Financial Partners LLC now owns 2,795 shares of the retailer’s stock valued at $2,478,000 after purchasing an additional 38 shares during the period. Market Street Wealth Management Advisors LLC boosted its holdings in shares of Costco Wholesale by 1.0% in the third quarter. Market Street Wealth Management Advisors LLC now owns 2,219 shares of the retailer’s stock valued at $1,967,000 after purchasing an additional 21 shares during the period. Firethorn Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after purchasing an additional 12 shares during the period. Carderock Capital Management Inc. boosted its holdings in shares of Costco Wholesale by 4.2% in the third quarter. Carderock Capital Management Inc. now owns 11,335 shares of the retailer’s stock valued at $10,049,000 after purchasing an additional 459 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its holdings in shares of Costco Wholesale by 4.3% in the third quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock valued at $6,851,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on COST shares. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price target for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research note on Thursday, August 8th. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, Robert W. Baird boosted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the 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 sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,224 shares of company stock valued at $9,974,973. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

NASDAQ:COST opened at $887.38 on Thursday. Costco Wholesale Co. has a one year low of $540.23 and a one year 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 $393.41 billion, a price-to-earnings ratio of 54.98, a PEG ratio of 5.53 and a beta of 0.80. The firm’s fifty day moving average is $887.65 and its two-hundred day moving average is $830.66.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates 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. Research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current 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.