MGO One Seven LLC Increases Holdings in Costco Wholesale Corporation $COST

MGO One Seven LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 72.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,131 shares of the retailer’s stock after buying an additional 10,163 shares during the quarter. Costco Wholesale comprises 0.8% of MGO One Seven LLC’s holdings, making the stock its 17th largest position. MGO One Seven LLC’s holdings in Costco Wholesale were worth $23,888,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Brighton Jones LLC lifted its position in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Costco Wholesale by 13.1% during the fourth 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 last quarter. GAMMA Investing LLC increased its stake in Costco Wholesale by 12.6% during the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after acquiring an additional 966 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Costco Wholesale by 7.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 147,961 shares of the retailer’s stock worth $139,936,000 after acquiring an additional 10,639 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in Costco Wholesale by 8.8% during the first quarter. Sound Income Strategies LLC now owns 986 shares of the retailer’s stock worth $932,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COST shares. Mizuho cut their target price on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a research note on Thursday. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Sanford C. Bernstein raised their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Truist Financial dropped their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

Insiders Place Their Bets

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

Costco Wholesale Trading Up 0.6%

Shares of NASDAQ COST opened at $935.56 on Tuesday. The stock has a market capitalization of $414.62 billion, a PE ratio of 51.38, a PEG ratio of 5.64 and a beta of 0.98. The stock has a fifty day simple moving average of $951.65 and a 200-day simple moving average of $972.04. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm 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 was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $5.15 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

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.