Costco Wholesale Corporation $COST Shares Sold by Wealth Architects LLC

Wealth Architects LLC trimmed its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,388 shares of the retailer’s stock after selling 100 shares during the period. Wealth Architects LLC’s holdings in Costco Wholesale were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth $25,000. Anderson Financial Strategies LLC increased its holdings in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. increased its holdings in shares of Costco Wholesale by 975.0% during the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the last quarter. eCIO Inc. acquired a new stake in Costco Wholesale in the 1st quarter valued at $48,000. Finally, Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.6%

Shares of Costco Wholesale stock opened at $935.56 on Tuesday. The business has a 50-day moving average of $951.65 and a 200-day moving average of $972.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The company has a market capitalization of $414.62 billion, a PE ratio of 51.38, a P/E/G ratio of 5.64 and a beta of 0.98. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $86.01 billion. During the same period last year, the firm earned $5.15 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of the 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 in the company, valued at $8,912,100. The trade was a 25.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COST shares. DA Davidson reiterated a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Mizuho lowered their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a report on Thursday. Truist Financial lowered their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Daiwa Capital Markets lowered their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Finally, Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.