McGuire Investment Group LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

McGuire Investment Group LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,700 shares of the retailer’s stock after selling 35 shares during the period. Costco Wholesale comprises 2.5% of McGuire Investment Group LLC’s portfolio, making the stock its 15th largest holding. McGuire Investment Group LLC’s holdings in Costco Wholesale were worth $17,465,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Willner & Heller LLC grew its holdings in Costco Wholesale by 28.5% during the third quarter. Willner & Heller LLC now owns 568 shares of the retailer’s stock valued at $503,000 after purchasing an additional 126 shares during the period. McGlone Suttner Wealth Management Inc. lifted its position in shares of Costco Wholesale by 16.3% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 556 shares of the retailer’s stock valued at $493,000 after buying an additional 78 shares in the last quarter. Johnson Bixby & Associates LLC grew its stake in shares of Costco Wholesale by 20.2% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 566 shares of the retailer’s stock valued at $501,000 after acquiring an additional 95 shares during the period. McCarthy & Cox purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $262,000. Finally, Shira Ridge Wealth Management raised its stake in Costco Wholesale by 14.1% during the 3rd quarter. Shira Ridge Wealth Management now owns 1,575 shares of the retailer’s stock worth $1,396,000 after acquiring an additional 195 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.5 %

Shares of Costco Wholesale stock traded down $4.60 during trading on Friday, hitting $889.03. The stock had a trading volume of 1,527,294 shares, compared to its average volume of 1,956,339. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. 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 firm’s fifty day simple moving average is $882.80 and its 200-day simple moving average is $827.34. The stock has a market cap of $394.14 billion, a PE ratio of 55.08, 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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter last year, the firm earned $4.86 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. 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 this link. In related news, Director Kenneth D. Denman sold 350 shares of the business’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 completion of the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. 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 is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’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 transaction, the insider now owns 10,992 shares in the company, valued at $9,327,041.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,674 shares of company stock valued at $5,831,324 in the last quarter. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday. DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday. Finally, Roth Mkm lifted their target price on Costco Wholesale from $676.00 to $755.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $886.74.

Costco Wholesale Company 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.