Costco Wholesale Co. (NASDAQ:COST) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,755 shares of the retailer’s stock after selling 156 shares during the quarter. Costco Wholesale makes up 1.4% of 180 Wealth Advisors LLC’s portfolio, making the stock its 11th biggest holding. 180 Wealth Advisors LLC’s holdings in Costco Wholesale were worth $3,536,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. lifted its position in shares of Costco Wholesale by 15.2% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 455 shares of the retailer’s stock valued at $120,000 after buying an additional 60 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in shares of Costco Wholesale by 517.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 12,248 shares of the retailer’s stock valued at $3,237,000 after buying an additional 10,264 shares in the last quarter. Putnam Investments LLC lifted its position in shares of Costco Wholesale by 60.9% during the 2nd quarter. Putnam Investments LLC now owns 45,148 shares of the retailer’s stock valued at $11,931,000 after buying an additional 17,093 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Costco Wholesale by 6.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 5,149 shares of the retailer’s stock valued at $1,361,000 after buying an additional 314 shares in the last quarter. Finally, First Foundation Advisors lifted its position in shares of Costco Wholesale by 16.0% during the 2nd quarter. First Foundation Advisors now owns 8,403 shares of the retailer’s stock valued at $2,221,000 after buying an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.

Shares of COST traded up $1.49 during midday trading on Friday, reaching $304.52. The company had a trading volume of 736,480 shares, compared to its average volume of 2,090,209. Costco Wholesale Co. has a 1-year low of $205.75 and a 1-year high of $307.34. The stock has a market cap of $132.42 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 4.30 and a beta of 0.89. The firm has a 50 day simple moving average of $295.36 and a 200-day simple moving average of $289.61. The company has a quick ratio of 0.49, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $37.04 billion during the quarter, compared to the consensus estimate of $37.40 billion. Costco Wholesale had a return on equity of 24.22% and a net margin of 2.42%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 8.59 earnings per share for the current fiscal year.

COST has been the subject of several recent research reports. Edward Jones downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. ValuEngine downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley increased their price objective on Costco Wholesale from $265.00 to $290.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird set a $325.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $320.00 price objective on shares of Costco Wholesale in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Hold” and an average target price of $300.45.

In related news, EVP Russell D. Miller sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $302.83, for a total transaction of $302,830.00. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $302.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 1,703 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $303.01, for a total value of $516,026.03. Following the sale, the director now directly owns 38,432 shares of the company’s stock, valued at $11,645,280.32. The disclosure for this sale can be found here. Insiders have sold a total of 35,313 shares of company stock valued at $10,591,657 over the last three months. Corporate insiders own 0.22% 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.

Further Reading: S&P/TSX Index

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

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