Merrion Investment Management Co LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Merrion Investment Management Co LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,290 shares of the retailer’s stock after purchasing an additional 100 shares during the period. Costco Wholesale makes up 0.8% of Merrion Investment Management Co LLC’s holdings, making the stock its 28th biggest position. Merrion Investment Management Co LLC’s holdings in Costco Wholesale were worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Watts Gwilliam & Co. LLC purchased a new position in shares of Costco Wholesale during the third quarter worth $1,915,000. Contravisory Investment Management Inc. raised its holdings in shares of Costco Wholesale by 0.5% during the third quarter. Contravisory Investment Management Inc. now owns 11,116 shares of the retailer’s stock worth $9,855,000 after purchasing an additional 57 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Costco Wholesale by 12.6% during the third quarter. Pinnacle Bancorp Inc. now owns 5,639 shares of the retailer’s stock worth $4,999,000 after purchasing an additional 631 shares during the last quarter. Capital Insight Partners LLC increased its holdings in Costco Wholesale by 3.3% in the third quarter. Capital Insight Partners LLC now owns 1,221 shares of the retailer’s stock valued at $1,082,000 after buying an additional 39 shares in the last quarter. Finally, Tobam increased its holdings in Costco Wholesale by 22.8% in the third quarter. Tobam now owns 453 shares of the retailer’s stock valued at $402,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.7 %

NASDAQ COST opened at $893.63 on Friday. The firm’s 50-day moving average is $881.46 and its two-hundred day moving average is $825.57. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The stock has a market capitalization of $396.17 billion, a P/E ratio of 53.93, a PEG ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.86 earnings per share. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,674 shares of company stock worth $5,831,324 over the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COST shares. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $886.74.

Get Our Latest Analysis on Costco Wholesale

Costco Wholesale Profile

(Free Report)

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.

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

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