B.O.S.S. Retirement Advisors LLC Raises Position in Costco Wholesale Co. (NASDAQ:COST)

B.O.S.S. Retirement Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 224.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,589 shares of the retailer’s stock after buying an additional 2,483 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Costco Wholesale were worth $3,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Neville Rodie & Shaw Inc. increased its stake in shares of Costco Wholesale by 0.4% during the first quarter. Neville Rodie & Shaw Inc. now owns 35,192 shares of the retailer’s stock valued at $25,783,000 after purchasing an additional 133 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Costco Wholesale by 41.7% during the first quarter. Rise Advisors LLC now owns 748 shares of the retailer’s stock valued at $548,000 after purchasing an additional 220 shares in the last quarter. Farmers Trust Co. bought a new position in shares of Costco Wholesale during the first quarter valued at approximately $216,000. Collective Family Office LLC increased its stake in shares of Costco Wholesale by 3.4% during the first quarter. Collective Family Office LLC now owns 947 shares of the retailer’s stock valued at $694,000 after purchasing an additional 31 shares in the last quarter. Finally, Safeguard Financial LLC increased its stake in shares of Costco Wholesale by 10.8% during the first quarter. Safeguard Financial LLC now owns 349 shares of the retailer’s stock valued at $256,000 after purchasing an additional 34 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on 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 sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on 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 sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction 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 completion of the sale, the executive vice president now owns 10,210 shares in the company, 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. In the last ninety days, insiders have sold 11,224 shares of company stock worth $9,974,973. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.8 %

COST opened at $887.38 on Thursday. 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 Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The firm’s fifty day moving average is $887.65 and its 200 day moving average is $830.66. The stock has a market cap of $393.41 billion, a price-to-earnings ratio of 54.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COST. Morgan Stanley raised their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, DA Davidson reissued a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $886.74.

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.