Curran Financial Partners LLC Acquires 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

Curran Financial Partners LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,795 shares of the retailer’s stock after purchasing an additional 38 shares during the period. Curran Financial Partners LLC’s holdings in Costco Wholesale were worth $2,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Market Street Wealth Management Advisors LLC boosted its holdings in Costco Wholesale by 1.0% during the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 2,219 shares of the retailer’s stock valued at $1,967,000 after acquiring an additional 21 shares during the period. Firethorn Wealth Partners LLC increased its stake in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock worth $318,000 after purchasing an additional 12 shares during the period. Carderock Capital Management Inc. lifted its position in Costco Wholesale by 4.2% in the third quarter. Carderock Capital Management Inc. now owns 11,335 shares of the retailer’s stock valued at $10,049,000 after purchasing an additional 459 shares during the last quarter. Indiana Trust & Investment Management Co boosted its stake in shares of Costco Wholesale by 4.3% during the third quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock valued at $6,851,000 after purchasing an additional 316 shares during the period. Finally, Transform Wealth LLC grew its holdings in shares of Costco Wholesale by 1.2% in the third quarter. Transform Wealth LLC now owns 16,700 shares of the retailer’s stock worth $14,805,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Tigress Financial upped their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. Evercore ISI upped their price target on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Bank of America lifted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $886.74.

Insiders Place Their Bets

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

Costco Wholesale Stock Down 0.8 %

COST stock opened at $887.38 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $887.65 and a 200 day moving average of $830.66. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The firm has a market cap of $393.41 billion, a PE ratio of 54.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

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

Costco Wholesale Company 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.