Costco Wholesale Co. (NASDAQ:COST) Shares Sold by TruWealth Advisors LLC

TruWealth Advisors LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,583 shares of the retailer’s stock after selling 551 shares during the quarter. Costco Wholesale makes up about 2.3% of TruWealth Advisors LLC’s holdings, making the stock its 11th largest position. TruWealth Advisors LLC’s holdings in Costco Wholesale were worth $36,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Perpetual Ltd increased its holdings in shares of Costco Wholesale by 24.7% in the 1st quarter. Perpetual Ltd now owns 888 shares of the retailer’s stock valued at $651,000 after acquiring an additional 176 shares during the period. Grandview Asset Management LLC grew its holdings in Costco Wholesale by 1.3% in the first quarter. Grandview Asset Management LLC now owns 2,681 shares of the retailer’s stock valued at $1,964,000 after purchasing an additional 35 shares during the last quarter. KMG Fiduciary Partners LLC increased its position in shares of Costco Wholesale by 43.2% in the first quarter. KMG Fiduciary Partners LLC now owns 5,275 shares of the retailer’s stock valued at $3,865,000 after buying an additional 1,592 shares in the last quarter. American National Bank raised its stake in shares of Costco Wholesale by 0.6% during the 1st quarter. American National Bank now owns 20,504 shares of the retailer’s stock worth $15,022,000 after buying an additional 119 shares during the last quarter. Finally, Apella Capital LLC boosted its position in shares of Costco Wholesale by 8.5% in the 1st quarter. Apella Capital LLC now owns 2,623 shares of the retailer’s stock worth $1,885,000 after buying an additional 205 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COST. Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. DA Davidson restated a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. Morgan Stanley increased their target price on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $890.07.

Costco Wholesale Stock Performance

NASDAQ COST opened at $885.29 on Friday. 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 market capitalization of $392.48 billion, a P/E ratio of 54.85, a P/E/G ratio of 5.53 and a beta of 0.80. The business’s 50-day simple moving average is $888.57 and its 200-day simple moving average is $831.04.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping 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 firm 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 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Activity

In related news, 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 transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was 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 approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is currently owned by corporate insiders.

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.