Costco Wholesale Corporation $COST is Lion Street Advisors LLC's 4th Largest Position

Key Points

• Lion Street Advisors LLC reduced its holdings in Costco Wholesale Corporation by 3.3%, making the retailer its 4th largest position, valued at approximately $8.16 million.
• Costco reported earnings of $5.87 per share for the last quarter, surpassing estimates, with revenues increasing by 8.1% year-over-year to $86.16 billion.
• The stock has a current market cap of $414.62 billion, with an average price target of $1,066.23 from analysts, indicating a consensus rating of "Moderate Buy."

Lion Street Advisors LLC lowered its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,242 shares of the retailer's stock after selling 280 shares during the period. Costco Wholesale accounts for 2.5% of Lion Street Advisors LLC's investment portfolio, making the stock its 4th biggest position. Lion Street Advisors LLC's holdings in Costco Wholesale were worth $8,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pegasus Asset Management Inc. purchased a new stake in shares of Costco Wholesale in the second quarter valued at $357,000. MGO One Seven LLC grew its position in shares of Costco Wholesale by 72.8% in the second quarter. MGO One Seven LLC now owns 24,131 shares of the retailer's stock valued at $23,888,000 after purchasing an additional 10,163 shares during the period. Cypress Capital Group grew its position in shares of Costco Wholesale by 2.4% in the second quarter. Cypress Capital Group now owns 8,313 shares of the retailer's stock valued at $8,229,000 after purchasing an additional 196 shares during the period. Bill Few Associates Inc. grew its position in shares of Costco Wholesale by 2.0% in the second quarter. Bill Few Associates Inc. now owns 811 shares of the retailer's stock valued at $803,000 after purchasing an additional 16 shares during the period. Finally, Gordian Advisors LLC grew its position in shares of Costco Wholesale by 3.1% in the second quarter. Gordian Advisors LLC now owns 468 shares of the retailer's stock valued at $464,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $935.56 on Tuesday. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The business has a 50-day moving average of $951.65 and a 200-day moving average of $972.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The company has a market capitalization of $414.62 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 5.64 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the prior year, the business earned $5.15 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Insider Activity

In related news, EVP Teresa A. Jones sold 600 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 3,381 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Costco Wholesale in a research report on Thursday, October 9th. DA Davidson reissued a "neutral" rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Daiwa Capital Markets lowered their price target on Costco Wholesale from $1,005.00 to $947.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Morgan Stanley lowered their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating for the company in a research report on Friday, September 26th. Finally, Truist Financial lowered their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a "hold" rating for the company in a research report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,066.23.

About Costco Wholesale

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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