Ferguson Wellman Capital Management Inc. Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Ferguson Wellman Capital Management Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 143.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,368 shares of the retailer’s stock after buying an additional 20,841 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Costco Wholesale were worth $10,190,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. CX Institutional boosted its stake in shares of Costco Wholesale by 0.5% in the third quarter. CX Institutional now owns 7,182 shares of the retailer’s stock worth $2,069,000 after acquiring an additional 35 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 2.6% in the second quarter. BKD Wealth Advisors LLC now owns 1,533 shares of the retailer’s stock worth $405,000 after acquiring an additional 39 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Costco Wholesale by 4.8% in the second quarter. Northeast Financial Consultants Inc now owns 882 shares of the retailer’s stock worth $233,000 after acquiring an additional 40 shares during the last quarter. S. R. Schill & Associates boosted its stake in shares of Costco Wholesale by 1.9% in the second quarter. S. R. Schill & Associates now owns 2,166 shares of the retailer’s stock worth $572,000 after acquiring an additional 40 shares during the last quarter. Finally, Founders Capital Management boosted its stake in shares of Costco Wholesale by 11.1% in the third quarter. Founders Capital Management now owns 400 shares of the retailer’s stock worth $115,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 71.17% of the company’s stock.

Shares of Costco Wholesale stock traded up $1.46 during trading hours on Tuesday, hitting $298.98. The company’s stock had a trading volume of 88,439 shares, compared to its average volume of 2,367,195. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34. The firm has a fifty day moving average of $291.87 and a 200-day moving average of $266.90. The stock has a market cap of $130.88 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 4.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.54 by $0.15. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business had revenue of $47.50 billion for the quarter, compared to analyst estimates of $47.71 billion. During the same quarter in the prior year, the company posted $2.36 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Costco Wholesale Co. will post 8.6 earnings per share for the current fiscal year.

COST has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Costco Wholesale from $321.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. UBS Group boosted their price objective on Costco Wholesale from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Evercore ISI reissued a “buy” rating on shares of Costco Wholesale in a research note on Sunday, August 11th. Sanford C. Bernstein lowered Costco Wholesale from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $220.00 to $230.00 in a research note on Wednesday, September 18th. Finally, Telsey Advisory Group boosted their price objective on Costco Wholesale from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $293.13.

In other news, VP Paul G. Moulton sold 5,976 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $298.06, for a total value of $1,781,206.56. Following the transaction, the vice president now owns 36,010 shares of the company’s stock, valued at approximately $10,733,140.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 333 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $297.50, for a total value of $99,067.50. Following the completion of the sale, the director now owns 41,470 shares in the company, valued at approximately $12,337,325. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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