Johnson Bixby & Associates LLC Buys 95 Shares of Costco Wholesale Co. (NASDAQ:COST)

by · The Cerbat Gem

Johnson Bixby & Associates LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 566 shares of the retailer’s stock after purchasing an additional 95 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in Costco Wholesale were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in Costco Wholesale in the 1st quarter worth approximately $32,000. Financial Connections Group Inc. raised its holdings in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $48,000. Ruedi Wealth Management Inc. raised its holdings in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $50,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock traded down $4.60 during mid-day trading on Friday, hitting $889.03. The stock had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. The firm has a market capitalization of $394.14 billion, a P/E ratio of 55.08, a P/E/G ratio of 5.53 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $882.80 and its 200 day moving average is $827.34. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 EPS. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,674 shares of company stock valued at $5,831,324 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. BMO Capital Markets reiterated an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Finally, DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $886.74.

Get Our Latest Stock Analysis on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

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