Perfromance Wealth Partners LLC Buys 4,224 Shares of Costco Wholesale Co. (NASDAQ:COST)

Perfromance Wealth Partners LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,980 shares of the retailer’s stock after buying an additional 4,224 shares during the period. Costco Wholesale comprises approximately 2.0% of Perfromance Wealth Partners LLC’s holdings, making the stock its 10th largest holding. Perfromance Wealth Partners LLC’s holdings in Costco Wholesale were worth $59,379,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Costco Wholesale by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after acquiring an additional 473,702 shares during the last quarter. Capital World Investors boosted its position in Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after buying an additional 285,533 shares during the last quarter. Legal & General Group Plc raised its position in shares of Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after acquiring an additional 88,550 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Costco Wholesale by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock valued at $1,842,241,000 after acquiring an additional 81,853 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

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

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ:COST traded down $4.60 during midday trading on Friday, hitting $889.03. 1,527,294 shares of the company’s stock were exchanged, compared to its average volume of 1,956,339. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a market cap of $394.14 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The stock has a 50 day moving average price of $882.80 and a 200-day moving average price of $826.67.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The business 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%. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.86 earnings per share. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COST. DA Davidson reiterated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their target price on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Bank of America boosted their target price 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 research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average 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.