Costco Wholesale Corporation $COST Holdings Raised by Jag Capital Management LLC

Jag Capital Management LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,321 shares of the retailer’s stock after purchasing an additional 1,437 shares during the period. Costco Wholesale comprises about 2.5% of Jag Capital Management LLC’s holdings, making the stock its 13th biggest holding. Jag Capital Management LLC’s holdings in Costco Wholesale were worth $22,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC lifted its position in shares of Costco Wholesale by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after buying an additional 966 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Costco Wholesale by 7.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 147,961 shares of the retailer’s stock worth $139,936,000 after buying an additional 10,639 shares during the period. Finally, Sound Income Strategies LLC raised its position in Costco Wholesale by 8.8% in the 1st quarter. Sound Income Strategies LLC now owns 986 shares of the retailer’s stock valued at $932,000 after purchasing an additional 80 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.6%

Shares of NASDAQ:COST opened at $935.56 on Tuesday. The firm has a market cap of $414.62 billion, a P/E ratio of 51.38, a P/E/G ratio of 5.64 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The business has a fifty day simple moving average of $951.65 and a 200 day simple moving average of $972.04.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.15 EPS. Analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COST shares. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Wolfe Research started coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Argus upped their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Finally, Sanford C. Bernstein upped their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.