Simplicity Wealth LLC Has $1.27 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Simplicity Wealth LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 87.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,436 shares of the retailer’s stock after selling 9,941 shares during the period. Simplicity Wealth LLC’s holdings in Costco Wholesale were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the first quarter valued at about $32,000. Financial Connections Group Inc. raised its stake in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Bank & Trust Co bought a new position in shares of Costco Wholesale in the second quarter worth about $48,000. Ruedi Wealth Management Inc. boosted its stake in shares of Costco Wholesale by 73.5% in the 2nd 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 bought a new stake in shares of Costco Wholesale during the 2nd quarter valued at approximately $50,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST stock opened at $889.03 on Friday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The stock has a market capitalization 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’s 50-day moving average is $882.80 and its 200-day moving average is $827.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COST. Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Oppenheimer boosted their price objective on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday. Roth Mkm increased their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Finally, TD Cowen raised their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $886.74.

Check Out Our Latest Report on COST

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated 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 completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,674 shares of company stock worth $5,831,324. Insiders own 0.18% of the company’s stock.

Costco Wholesale Profile

(Free Report)

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.

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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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