HCR Wealth Advisors Has $7.12 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

HCR Wealth Advisors lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 8,033 shares of the retailer’s stock after selling 56 shares during the quarter. Costco Wholesale accounts for 0.9% of HCR Wealth Advisors’ portfolio, making the stock its 16th biggest holding. HCR Wealth Advisors’ holdings in Costco Wholesale were worth $7,122,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COST. Fermata Advisors LLC raised its position in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the period. Oak Asset Management LLC grew its position in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after purchasing an additional 12 shares in the last quarter. Peddock Capital Advisors LLC raised its stake in Costco Wholesale by 0.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares during the period. Perkins Coie Trust Co lifted its holdings in Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Bedel Financial Consulting Inc. boosted its stake in Costco Wholesale by 1.3% in the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.5 %

Shares of Costco Wholesale stock traded down $4.60 during trading on Friday, hitting $889.03. 1,527,294 shares of the stock traded hands, compared to its average volume of 1,956,339. 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 stock’s fifty day simple moving average is $882.80 and its 200 day simple moving average is $826.67. The firm has a market cap of $394.14 billion, a P/E ratio of 55.08, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) 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 company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period last year, the company posted $4.86 earnings per share. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict 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 Costco Wholesale stock in a transaction 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 transaction, the insider now directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the 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 directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. 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 worth $5,831,324. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Barclays lifted their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Wells Fargo & Company increased their price target on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Bank of America lifted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Tigress Financial raised their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Ten equities 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.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.