Costco Wholesale Corporation $COST Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 94.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,488 shares of the retailer’s stock after purchasing an additional 1,694 shares during the quarter. Sound Income Strategies LLC’s holdings in Costco Wholesale were worth $3,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Costco Wholesale during the second quarter worth approximately $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Costco Wholesale during the 4th quarter valued at $27,000. Burk Holdings LLC acquired a new position in Costco Wholesale during the 2nd quarter worth $30,000. Manning & Napier Advisors LLC bought a new position in shares of Costco Wholesale in the second quarter worth $30,000. Finally, Lifetime Wealth Management P.C. bought a new position in shares of Costco Wholesale in the fourth quarter worth $28,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.1%

Shares of Costco Wholesale stock opened at $946.92 on Friday. The business has a fifty day simple moving average of $930.71 and a 200-day simple moving average of $963.38. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The firm has a market cap of $419.94 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.05 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. The firm had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. During the same period in the previous year, the company earned $5.87 earnings per share. Costco Wholesale’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Costco Wholesale Corporation will post 22.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COST. UBS Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, September 17th. Sanford C. Bernstein lowered their target price on shares of Costco Wholesale from $1,144.00 to $1,143.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. BTIG Research restated a “buy” rating and set a $1,125.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 23rd. DA Davidson upped their price target on shares of Costco Wholesale from $1,000.00 to $1,040.00 and gave the stock a “neutral” rating in a research note on Friday, September 25th. Finally, Evercore reiterated an “outperform” rating on shares of Costco Wholesale in a report on Tuesday, September 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,046.27.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the completion of the transaction, the executive vice president owned 7,134 shares in the company, valued at approximately $6,534,244.62. This trade represents a 23.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Key Headlines Impacting Costco Wholesale

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Strong September sales momentum: Costco reported approximately $30.02 billion in September net sales, up 13% year over year. Total comparable sales increased 11.4%, U.S. comparable sales rose 12.5%, and digitally enabled sales climbed 19%, supported by stronger traffic and transaction growth. Costco’s September Sales Rise 13% on Strong Comps, Digital Growth
• Positive Sentiment: Analysts see improving trends: UBS characterized the September results as evidence of accelerating trends, while Royal Bank of Canada maintained a Sector Perform rating and a $1,000 price target, implying additional upside from recently reported levels. Costco September Sales Point to Accelerating Trends, UBS Says
• Neutral Sentiment: Short-interest data is inconclusive: A report lists October short interest at zero shares and a zero-day days-to-cover ratio. That figure appears inconsistent with normal market data and is unlikely to be a meaningful trading signal without confirmation.
• Neutral Sentiment: Analyst support remains mixed: DA Davidson reiterated a Hold rating following a warehouse-club tour, indicating that strong operating trends have not yet led all analysts to recommend buying the stock. Costco Stock: Here’s What DA Davidson Found During Its Warehouse Club Tour
• Negative Sentiment: Valuation and margin risks temper the sales beat: RBC noted that Costco’s growth may already be reflected in its share price. Analysts also cautioned that gasoline, foreign exchange, and other one-time or lower-margin factors contributed to the September improvement, potentially limiting the impact on earnings and margins. Costco’s Sales Rebound in September Looks Great on Paper

Costco Wholesale Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.