Prospect Financial Services LLC Acquires 184 Shares of Costco Wholesale Co. (NASDAQ:COST)

Prospect Financial Services LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 32.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749 shares of the retailer’s stock after purchasing an additional 184 shares during the quarter. Prospect Financial Services LLC’s holdings in Costco Wholesale were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Financial Connections Group Inc. grew its holdings in Costco Wholesale by 557.1% in the second 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 period. Bank & Trust Co acquired a new stake in Costco Wholesale in the second quarter worth $48,000. Ruedi Wealth Management Inc. increased its stake 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 in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Costco Wholesale during the second quarter valued at about $50,000. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. 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 90 days, insiders sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on COST shares. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Loop Capital upped their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer increased their target price on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research note on Tuesday, September 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $886.74.

Costco Wholesale Stock Up 0.5 %

COST opened at $894.61 on Wednesday. The company’s 50-day moving average price is $886.11 and its two-hundred day moving average price is $830.26. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The stock has a market cap of $396.61 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company earned $4.86 earnings per share. As a group, equities analysts expect 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.