Pure Financial Advisors Inc. Takes $246,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Pure Financial Advisors Inc. acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 810 shares of the retailer’s stock, valued at approximately $246,000.

Several other large investors also recently modified their holdings of the company. Your Advocates Ltd. LLP purchased a new position in Costco Wholesale during the first quarter worth about $28,000. Beutel Goodman & Co Ltd. purchased a new position in Costco Wholesale during the fourth quarter worth about $29,000. Fortis Advisors LLC lifted its position in Costco Wholesale by 98.1% during the first quarter. Fortis Advisors LLC now owns 103 shares of the retailer’s stock worth $29,000 after buying an additional 51 shares during the period. Key Financial Inc purchased a new position in Costco Wholesale during the first quarter worth about $32,000. Finally, Cox Capital Mgt LLC purchased a new position in Costco Wholesale during the first quarter worth about $34,000. Institutional investors and hedge funds own 68.87% of the company’s stock.

Several brokerages have commented on COST. Robert W. Baird restated a “buy” rating and set a $335.00 price target on shares of Costco Wholesale in a research note on Thursday, April 9th. Nomura Securities restated a “hold” rating and set a $310.00 price target on shares of Costco Wholesale in a research note on Monday, April 13th. TheStreet upgraded Costco Wholesale from a “c” rating to a “b-” rating in a research note on Monday, June 1st. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a research note on Monday, June 29th. Finally, Deutsche Bank upped their price target on Costco Wholesale from $296.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $321.87.

Costco Wholesale stock opened at $316.32 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 1.11. The business’s 50-day simple moving average is $304.01 and its 200-day simple moving average is $303.21. The firm has a market capitalization of $139.62 billion, a PE ratio of 37.84, a PEG ratio of 4.46 and a beta of 0.68. Costco Wholesale Co. has a 52 week low of $262.71 and a 52 week high of $325.26.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 28th. The retailer reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($0.03). Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. The firm had revenue of $36.45 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Research analysts forecast that Costco Wholesale Co. will post 8.44 earnings per share for the current year.

In other news, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $310.00, for a total value of $1,550,000.00. Following the sale, the vice president now directly owns 42,771 shares in the company, valued at approximately $13,259,010. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $314.83, for a total value of $314,830.00. Following the completion of the sale, the director now owns 32,582 shares in the company, valued at $10,257,791.06. The disclosure for this sale can be found here. Insiders have sold 26,650 shares of company stock worth $8,208,438 over the last 90 days. 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.

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

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