Orion Portfolio Solutions LLC Purchases 358 Shares of Costco Wholesale Co. (NASDAQ:COST)

Orion Portfolio Solutions LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,360 shares of the retailer’s stock after purchasing an additional 358 shares during the period. Orion Portfolio Solutions LLC’s holdings in Costco Wholesale were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Forte Capital LLC ADV lifted its position in Costco Wholesale by 0.6% in the 3rd quarter. Forte Capital LLC ADV now owns 3,598 shares of the retailer’s stock valued at $1,617,000 after acquiring an additional 21 shares in the last quarter. Midwest Professional Planners LTD. lifted its holdings in shares of Costco Wholesale by 0.8% during the third quarter. Midwest Professional Planners LTD. now owns 2,549 shares of the retailer’s stock valued at $1,146,000 after purchasing an additional 21 shares in the last quarter. First National Corp MA ADV boosted its position in shares of Costco Wholesale by 0.9% during the third quarter. First National Corp MA ADV now owns 2,243 shares of the retailer’s stock valued at $1,008,000 after buying an additional 21 shares during the last quarter. Avidian Wealth Solutions LLC increased its holdings in Costco Wholesale by 1.5% in the 3rd quarter. Avidian Wealth Solutions LLC now owns 1,438 shares of the retailer’s stock worth $646,000 after buying an additional 21 shares in the last quarter. Finally, TFG Advisers LLC increased its holdings in Costco Wholesale by 0.3% in the 3rd quarter. TFG Advisers LLC now owns 8,234 shares of the retailer’s stock worth $3,700,000 after buying an additional 22 shares in the last quarter. 66.26% of the stock is owned by institutional investors.

A number of brokerages have recently commented on COST. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $525.00 to $575.00 in a research note on Thursday, November 11th. Citigroup lifted their target price on shares of Costco Wholesale from $550.00 to $555.00 in a research report on Thursday, January 6th. Stifel Nicolaus increased their price target on Costco Wholesale from $550.00 to $555.00 and gave the company a “buy” rating in a report on Friday, December 10th. Tigress Financial reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Costco Wholesale in a report on Wednesday, September 29th. Finally, UBS Group upped their price objective on Costco Wholesale from $590.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, December 10th. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $544.93.

COST stock opened at $516.88 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.02 and a quick ratio of 0.51. Costco Wholesale Co. has a 1-year low of $307.00 and a 1-year high of $571.49. The business has a 50 day simple moving average of $539.69 and a two-hundred day simple moving average of $478.55. The company has a market capitalization of $229.20 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 4.75 and a beta of 0.64.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 9th. The retailer reported $2.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.59 by $0.39. The firm had revenue of $49.42 billion during the quarter, compared to analyst estimates of $49.75 billion. Costco Wholesale had a net margin of 2.54% and a return on equity of 29.77%. Costco Wholesale’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. Sell-side analysts anticipate that Costco Wholesale Co. will post 12.62 EPS for the current fiscal year.

In other Costco Wholesale news, VP James P. Murphy sold 5,000 shares of Costco Wholesale stock in a transaction on Monday, December 13th. The shares were sold at an average price of $559.32, for a total value of $2,796,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell D. Miller sold 4,000 shares of the business’s stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $556.02, for a total transaction of $2,224,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,218 shares of company stock valued at $6,249,652 in the last three months. Insiders own 0.22% of the company’s stock.

About Costco Wholesale

Costco Wholesale Corp. engages in the operation of membership warehouses. The firm’s product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: United States Operations, Canadian Operations, and Other International Operations.

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

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