Kiker Wealth Management LLC Reduces Stake in Costco Wholesale Corporation $COST

Kiker Wealth Management LLC trimmed its stake in Costco Wholesale Corporation (NASDAQ:COST) by 48.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27 shares of the retailer’s stock after selling 25 shares during the quarter. Kiker Wealth Management LLC’s holdings in Costco Wholesale were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of COST. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. GAMMA Investing LLC raised its position in shares of Costco Wholesale by 12.6% in the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after purchasing an additional 966 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Costco Wholesale by 7.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 147,961 shares of the retailer’s stock valued at $139,936,000 after purchasing an additional 10,639 shares during the period. Finally, Precision Wealth Strategies LLC raised its position in shares of Costco Wholesale by 14.2% in the first quarter. Precision Wealth Strategies LLC now owns 3,199 shares of the retailer’s stock valued at $3,026,000 after purchasing an additional 398 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on COST. JPMorgan Chase & Co. lowered their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Morgan Stanley decreased their target price on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Evercore ISI decreased their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Sanford C. Bernstein upped their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Twenty research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,068.04.

Costco Wholesale Price Performance

COST stock opened at $946.51 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The stock has a market cap of $419.47 billion, a PE ratio of 51.98, a P/E/G ratio of 5.67 and a beta of 0.98. The firm has a 50 day simple moving average of $951.71 and a two-hundred day simple moving average of $971.87.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company earned $5.15 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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.