Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Keystone Wealth Services LLC

Keystone Wealth Services LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 124.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,080 shares of the retailer’s stock after buying an additional 5,028 shares during the quarter. Costco Wholesale comprises about 2.2% of Keystone Wealth Services LLC’s portfolio, making the stock its 8th largest holding. Keystone Wealth Services LLC’s holdings in Costco Wholesale were worth $8,049,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 1st quarter worth about $32,000. Financial Connections Group Inc. increased 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 valued at $39,000 after buying an additional 39 shares during the period. Bank & Trust Co bought a new position in Costco Wholesale in the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. increased 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 valued at $50,000 after buying an additional 25 shares during the period. Finally, Summit Securities Group LLC bought a new position in Costco Wholesale in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock traded up $4.85 during trading hours on Tuesday, reaching $894.61. The stock had a trading volume of 1,613,444 shares, compared to its average volume of 1,952,117. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The firm has a market capitalization of $396.61 billion, a PE ratio of 55.54, a PEG 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 stock’s fifty day simple moving average is $884.56 and its 200 day simple moving average is $829.12.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the business posted $4.86 earnings per share. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,224 shares of company stock worth $9,974,973 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on COST shares. Loop Capital raised their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday, September 27th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Finally, Oppenheimer boosted their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

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.