Agate Pass Investment Management LLC Has $2.42 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Agate Pass Investment Management LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725 shares of the retailer’s stock after selling 43 shares during the quarter. Costco Wholesale makes up approximately 1.2% of Agate Pass Investment Management LLC’s holdings, making the stock its 26th largest holding. Agate Pass Investment Management LLC’s holdings in Costco Wholesale were worth $2,416,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the first quarter worth $32,000. Vima LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $34,000. Financial Connections Group Inc. boosted its position in shares of 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 purchasing an additional 39 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Costco Wholesale during the second quarter worth $48,000. Finally, Ruedi Wealth Management Inc. increased its holdings in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares in the company, valued at approximately $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,674 shares of company stock worth $5,831,324. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $893.63 on Friday. 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 has a 50 day moving average of $879.92 and a 200-day moving average of $825.10. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a market capitalization of $396.17 billion, a P/E ratio of 53.93, a P/E/G ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $79.91 billion. During the same quarter last year, the company posted $4.86 EPS. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Costco Wholesale Co. will post 17.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COST shares. DA Davidson restated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Robert W. Baird boosted their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $886.74.

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.