Moran Wealth Management LLC Has $11.59 Million Stake in Costco Wholesale Corporation $COST

Moran Wealth Management LLC boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,704 shares of the retailer’s stock after buying an additional 128 shares during the period. Moran Wealth Management LLC’s holdings in Costco Wholesale were worth $11,586,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Argus boosted their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wolfe Research began coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Sanford C. Bernstein boosted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

Costco Wholesale Trading Up 0.6%

Shares of COST opened at $935.56 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The firm has a market capitalization of $414.62 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98. The stock’s fifty day simple moving average is $951.65 and its 200-day simple moving average is $972.04.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) 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 business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the prior year, the firm posted $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.