Tuttle Capital Management LLC Has $659,000 Holdings in Costco Wholesale Corporation $COST

Tuttle Capital Management LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 666 shares of the retailer’s stock after buying an additional 84 shares during the period. Costco Wholesale accounts for about 2.7% of Tuttle Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Tuttle Capital Management LLC’s holdings in Costco Wholesale were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in COST. Fishman Jay A Ltd. MI boosted its holdings in shares of Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after buying an additional 575 shares during the period. Independent Solutions Wealth Management LLC lifted its position in Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after acquiring an additional 53 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after acquiring an additional 167 shares during the period. Graybill Wealth Management LTD. acquired a new position in shares of Costco Wholesale in the first quarter valued at approximately $3,095,000. Finally, Rossmore Private Capital increased its stake in shares of Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after purchasing an additional 62 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. DA Davidson restated a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Wednesday, September 24th. Morgan Stanley dropped their price objective on shares of 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. BTIG Research assumed coverage on shares of Costco Wholesale in a research report on Tuesday. They set a “buy” rating and a $1,115.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Twenty analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,068.04.

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $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.

Costco Wholesale Stock Performance

Shares of COST opened at $946.51 on Wednesday. The firm has a market cap of $419.47 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 5.67 and a beta of 0.98. The company’s 50 day simple moving average is $951.71 and its 200-day simple moving average is $971.87. 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 12-month low of $867.34 and a 12-month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 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 net margin of 2.94% and a return on equity of 30.09%. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.15 earnings per share. As a group, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

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.