Welch Group LLC Sells 93 Shares of Costco Wholesale Corporation $COST

Welch Group LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,755 shares of the retailer’s stock after selling 93 shares during the quarter. Welch Group LLC’s holdings in Costco Wholesale were worth $1,737,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of COST. Nuveen LLC purchased a new stake in shares of Costco Wholesale in the first quarter valued at approximately $3,461,159,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Costco Wholesale by 418,980.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after purchasing an additional 2,358,859 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after purchasing an additional 443,101 shares during the period. National Bank of Canada FI boosted its holdings in shares of Costco Wholesale by 84.0% in the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after purchasing an additional 370,806 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Costco Wholesale by 2,369.5% during the second quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock worth $320,036,000 after buying an additional 310,197 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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 price-to-earnings ratio of 51.38, a PEG 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 52-week low of $867.34 and a 52-week high of $1,078.23. The business’s 50 day moving average is $951.65 and its two-hundred day moving average is $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, beating analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for 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%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.15 earnings per share. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on COST shares. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. Truist Financial cut their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Wolfe Research began coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,066.23.

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.