Peak Financial Management Inc. Acquires 25 Shares of Costco Wholesale Co. (NASDAQ:COST)

Peak Financial Management Inc. boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 781 shares of the retailer’s stock after purchasing an additional 25 shares during the period. Peak Financial Management Inc.’s holdings in Costco Wholesale were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in COST. Cabot Wealth Management Inc. grew its position in shares of Costco Wholesale by 7.8% in the 3rd quarter. Cabot Wealth Management Inc. now owns 277 shares of the retailer’s stock valued at $246,000 after acquiring an additional 20 shares during the period. RDA Financial Network grew its position in shares of Costco Wholesale by 2.4% in the 3rd quarter. RDA Financial Network now owns 3,405 shares of the retailer’s stock valued at $3,018,000 after acquiring an additional 79 shares during the period. Trust Co. of Oklahoma grew its position in shares of Costco Wholesale by 2.6% in the 3rd quarter. Trust Co. of Oklahoma now owns 8,924 shares of the retailer’s stock valued at $7,911,000 after acquiring an additional 223 shares during the period. Swedbank AB grew its position in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares during the period. Finally, Zhang Financial LLC grew its position in shares of Costco Wholesale by 32.4% in the 3rd quarter. Zhang Financial LLC now owns 1,356 shares of the retailer’s stock valued at $1,202,000 after acquiring an additional 332 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,224 shares of company stock valued at $8,181,553. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COST shares. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Tigress Financial raised their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Barclays raised their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Roth Mkm raised their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $886.74.

Costco Wholesale Stock Up 0.5 %

Shares of COST stock traded up $4.85 on Tuesday, reaching $894.61. 1,563,182 shares of the company were exchanged, compared to its average volume of 1,951,865. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company has a market cap of $396.61 billion, a price-to-earnings ratio of 55.54, a PEG 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 company has a 50-day moving average of $884.56 and a 200-day moving average of $829.12.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the firm earned $4.86 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

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.