Stokes Capital Advisors LLC trimmed its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,350 shares of the retailer’s stock after selling 606 shares during the quarter. Costco Wholesale accounts for 2.0% of Stokes Capital Advisors LLC’s holdings, making the stock its 19th biggest holding. Stokes Capital Advisors LLC’s holdings in Costco Wholesale were worth $8,512,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in COST. C M Bidwell & Associates Ltd. bought a new stake in shares of Costco Wholesale in the second quarter valued at about $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Costco Wholesale in the 4th quarter worth about $27,000. Burk Holdings LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at about $30,000. Manning & Napier Advisors LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $30,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Institutional investors own 68.48% of the company’s stock.
Costco Wholesale Stock Performance
NASDAQ COST opened at $946.92 on Friday. The firm’s 50 day simple moving average is $930.71 and its 200 day simple moving average is $963.38. The firm has a market capitalization of $419.94 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 4.05 and a beta of 0.88. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50.
Insider Transactions at Costco Wholesale
In other Costco Wholesale news, EVP Claudine Adamo sold 2,200 shares of Costco Wholesale stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $915.93, for a total value of $2,015,046.00. Following the transaction, the executive vice president owned 7,134 shares in the company, valued at $6,534,244.62. The trade was a 23.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on COST shares. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale in a research report on Monday, September 28th. TD Cowen reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, September 25th. BMO Capital Markets restated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, September 25th. Jefferies Financial Group dropped their price objective on Costco Wholesale from $1,130.00 to $1,100.00 in a report on Friday, September 25th. Finally, Truist Financial cut their target price on Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating for the company in a research report on Friday, September 25th. Twenty-three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,046.27.
Read Our Latest Analysis on COST
Costco Wholesale News Roundup
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.
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