Silverlake Wealth Management LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Silverlake Wealth Management LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,253 shares of the retailer’s stock after purchasing an additional 482 shares during the period. Silverlake Wealth Management LLC’s holdings in Costco Wholesale were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wulff Hansen & CO. lifted its holdings in shares of Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after buying an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in Costco Wholesale in the 1st quarter worth approximately $510,353,000. Assenagon Asset Management S.A. boosted its holdings in Costco Wholesale by 287.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after purchasing an additional 620,341 shares during the period. Strategic Financial Concepts LLC boosted its stake in Costco Wholesale by 51,747.5% during the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after buying an additional 618,383 shares during the period. Finally, Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock worth $26,640,940,000 after buying an additional 485,051 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.5 %

Shares of COST traded down $4.60 during mid-day trading on Friday, reaching $889.03. The company had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a market capitalization of $394.14 billion, a price-to-earnings ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The firm 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 released its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.86 earnings per share. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current year.

Insiders Place Their Bets

In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated 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 approximately $9,327,041.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 sale, the insider now owns 10,992 shares in the company, valued at approximately $9,327,041.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,674 shares of company stock valued at $5,831,324. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COST shares. BMO Capital Markets reiterated an “outperform” rating and set a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. TD Cowen upped their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Roth Mkm raised their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $886.74.

Costco Wholesale 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.