Davies Financial Advisors Inc. Has $2.09 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Davies Financial Advisors Inc. decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,354 shares of the retailer’s stock after selling 119 shares during the period. Costco Wholesale comprises 1.8% of Davies Financial Advisors Inc.’s portfolio, making the stock its 14th largest holding. Davies Financial Advisors Inc.’s holdings in Costco Wholesale were worth $2,087,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in COST. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the first quarter worth approximately $32,000. Financial Connections Group Inc. increased 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 buying an additional 39 shares during the last quarter. Vima LLC acquired a new position in Costco Wholesale in the fourth quarter worth approximately $34,000. Bank & Trust Co bought a new stake in Costco Wholesale during the second quarter worth approximately $48,000. Finally, Ruedi Wealth Management Inc. boosted its position in Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COST shares. DA Davidson reaffirmed a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday. The Goldman Sachs Group upped their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Robert W. Baird upped their target price on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Finally, Melius Research assumed coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Costco Wholesale Stock Down 0.3 %

Costco Wholesale stock traded down $2.46 during mid-day trading on Friday, reaching $891.17. The stock had a trading volume of 630,903 shares, compared to its average volume of 1,951,930. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The stock’s 50-day simple moving average is $881.46 and its 200-day simple moving average is $825.57. The firm has a market capitalization of $395.08 billion, a PE ratio of 53.62, a price-to-earnings-growth 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 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. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Insider Activity at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. The trade was 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 at this link. In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the sale, the insider now directly owns 10,992 shares in the company, valued at approximately $9,327,041.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on 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 owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,674 shares of company stock valued at $5,831,324 over the last 90 days. Insiders own 0.18% of the company’s stock.

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.