Annapolis Financial Services LLC Has $105,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Annapolis Financial Services LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119 shares of the retailer’s stock after selling 16 shares during the quarter. Annapolis Financial Services LLC’s holdings in Costco Wholesale were worth $105,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strong Tower Advisory Services increased its holdings in shares of Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Costco Wholesale by 52.1% during the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after buying an additional 656 shares during the period. Finally, Parcion Private Wealth LLC raised its holdings in Costco Wholesale by 30.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after buying an additional 1,319 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,224 shares of company stock valued at $9,974,973 in the last three months. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 0.8 %

COST opened at $887.38 on Thursday. The firm has a market capitalization of $393.41 billion, a PE ratio of 54.98, a P/E/G ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The company’s 50-day moving average is $887.65 and its 200 day moving average is $830.66.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the company earned $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research analysts predict that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COST shares. BMO Capital Markets reissued an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a report on Thursday, August 8th. Loop Capital lifted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Robert W. Baird upped their price target on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, Melius Research initiated coverage on Costco Wholesale in a research report on Monday, September 23rd. They set 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.