Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Riversedge Advisors LLC

Riversedge Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 3rd quarter, Holdings Channel reports. The firm owned 870 shares of the retailer’s stock after purchasing an additional 12 shares during the period. Riversedge Advisors LLC’s holdings in Costco Wholesale were worth $771,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Financial Connections Group Inc. lifted 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 worth $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale during the second quarter worth $48,000. Ruedi Wealth Management Inc. grew its holdings in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter worth $50,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 owns 10,210 shares of the company’s stock, valued at $9,155,409.10. 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 worth $9,974,973 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

COST opened at $885.29 on Friday. The business has a fifty day moving average price of $888.57 and a 200 day moving average price of $831.04. 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 12 month low of $540.23 and a 12 month high of $923.83. The stock has a market capitalization of $392.48 billion, a price-to-earnings ratio of 54.85, a PEG ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during 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 business’s revenue for the quarter 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. Sell-side analysts expect that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Bank of America boosted their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday. DA Davidson reiterated a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $890.07.

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.