NorthRock Partners LLC Has $11.26 Million Stock Holdings in Costco Wholesale Corporation $COST

NorthRock Partners LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,375 shares of the retailer’s stock after buying an additional 663 shares during the quarter. NorthRock Partners LLC’s holdings in Costco Wholesale were worth $11,260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Costco Wholesale by 13.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,713 shares of the retailer’s stock valued at $30,404,000 after buying an additional 3,602 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in Costco Wholesale by 3.9% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 1,184 shares of the retailer’s stock valued at $1,106,000 after buying an additional 44 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Costco Wholesale by 7.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 75,561 shares of the retailer’s stock valued at $74,801,000 after buying an additional 5,493 shares in the last quarter. Vest Financial LLC grew its holdings in Costco Wholesale by 10.8% in the 2nd quarter. Vest Financial LLC now owns 25,653 shares of the retailer’s stock valued at $25,395,000 after buying an additional 2,507 shares in the last quarter. Finally, Pegasus Asset Management Inc. acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth $357,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was 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 owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COST shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Citigroup reduced their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. The Goldman Sachs Group increased their target price on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Argus increased their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Mizuho reduced their target price on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,066.23.

Costco Wholesale Price Performance

Shares of COST stock opened at $935.56 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a market cap of $414.62 billion, a P/E ratio of 51.38, a P/E/G ratio of 5.64 and a beta of 0.98. The business has a fifty day simple moving average of $951.65 and a 200 day simple moving average of $972.04.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the prior year, the company earned $5.15 EPS. Costco Wholesale’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

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.