Compton Wealth Advisory Group LLC Has $3.68 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Compton Wealth Advisory Group LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,154 shares of the retailer’s stock after purchasing an additional 36 shares during the period. Costco Wholesale makes up 0.9% of Compton Wealth Advisory Group LLC’s holdings, making the stock its 24th largest position. Compton Wealth Advisory Group LLC’s holdings in Costco Wholesale were worth $3,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Wulff Hansen & CO. raised its position in Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after buying an additional 1,473,248 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $510,353,000. Assenagon Asset Management S.A. lifted its position in shares of Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after purchasing an additional 618,383 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Costco Wholesale by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after buying an additional 485,051 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $889.03 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 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 50 day moving average of $882.80 and a 200-day moving average of $827.34. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the prior year, the company earned $4.86 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts forecast that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costco Wholesale 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 $9,327,041.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,674 shares of company stock valued at $5,831,324. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COST shares. Loop Capital increased their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Thursday. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research note on Tuesday, September 24th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Oppenheimer upped their price objective on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.