Cypress Wealth Services LLC Has $4.56 Million Stake in Costco Wholesale Corporation $COST

Cypress Wealth Services LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 13.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,604 shares of the retailer’s stock after purchasing an additional 549 shares during the period. Cypress Wealth Services LLC’s holdings in Costco Wholesale were worth $4,558,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COST. Brighton Jones LLC increased its holdings 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 during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Costco Wholesale by 12.6% in the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after purchasing an additional 966 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Costco Wholesale by 7.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 147,961 shares of the retailer’s stock valued at $139,936,000 after purchasing an additional 10,639 shares during the last quarter. Finally, Precision Wealth Strategies LLC increased its holdings in shares of Costco Wholesale by 14.2% in the first quarter. Precision Wealth Strategies LLC now owns 3,199 shares of the retailer’s stock valued at $3,026,000 after purchasing an additional 398 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

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

Costco Wholesale Trading Up 1.2%

Shares of Costco Wholesale stock opened at $946.51 on Wednesday. The firm has a 50-day moving average of $951.71 and a 200-day moving average of $971.87. The stock has a market cap of $419.47 billion, a PE ratio of 51.98, a PEG ratio of 5.67 and a beta of 0.98. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $5.15 earnings per share. As a group, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI decreased their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. BTIG Research began coverage on shares of Costco Wholesale in a report on Tuesday. They issued a “buy” rating and a $1,115.00 price objective on the stock. Sanford C. Bernstein boosted their target price on shares of 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. Finally, Truist Financial reduced their target price on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Twenty research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.04.

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.