Costco Wholesale Corporation $COST Shares Sold by Sage Advisors LLC

Sage Advisors LLC reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,444 shares of the retailer’s stock after selling 88 shares during the quarter. Costco Wholesale comprises approximately 1.0% of Sage Advisors LLC’s holdings, making the stock its 16th largest position. Sage Advisors LLC’s holdings in Costco Wholesale were worth $1,429,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Costco Wholesale in the 1st quarter valued at about $3,461,159,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after buying an additional 2,358,859 shares during the period. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the period. National Bank of Canada FI boosted its stake in shares of Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after buying an additional 370,806 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 2,369.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after buying an additional 310,197 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COST shares. BTIG Research started coverage on Costco Wholesale in a research note on Tuesday. They issued a “buy” rating and a $1,115.00 price objective for the company. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Morgan Stanley decreased their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Mizuho decreased 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, October 9th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Twenty investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.04.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $946.51 on Wednesday. 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 Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The stock has a 50 day moving average of $951.71 and a two-hundred day moving average of $971.87. The stock has a market cap of $419.47 billion, a P/E ratio of 51.98, a P/E/G ratio of 5.67 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the business earned $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Insider Buying and Selling

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

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.