Costco Wholesale Corporation $COST Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Costco Wholesale Corporation by 76.7% in the second quarter, selling 34,388 shares and now owns 10,453 shares worth approximately $10.34 million.
• Costco recently reported $5.87 earnings per share (EPS), exceeding analysts' expectations of $5.81, with a quarterly revenue of $86.16 billion, up 8.1% year-over-year.
• Several analysts have adjusted their price targets for Costco, with Evercore ISI lowering its target from $1,060 to $1,025 while maintaining an "outperform" rating.

Atria Wealth Solutions Inc. decreased its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 76.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,453 shares of the retailer's stock after selling 34,388 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Costco Wholesale were worth $10,340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bulwark Capital Corp purchased a new position in Costco Wholesale during the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC grew its position in Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock worth $38,000 after purchasing an additional 36 shares in the last quarter. Financial Connections Group Inc. grew its position in Costco Wholesale by 975.0% during the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer's stock worth $42,000 after purchasing an additional 39 shares in the last quarter. eCIO Inc. purchased a new position in Costco Wholesale during the 1st quarter worth approximately $48,000. Finally, Aspect Partners LLC grew its position in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Stock Up 0.6%

COST stock opened at $935.56 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a 50-day moving average of $951.65 and a two-hundred day moving average of $972.04. The stock has a market capitalization of $414.62 billion, a price-to-earnings ratio of 51.38, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98.

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

Insider Transactions at Costco Wholesale

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. JPMorgan Chase & Co. lowered their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an "overweight" rating on the stock in a report on Friday, September 26th. Sanford C. Bernstein boosted their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an "outperform" rating in a report on Friday, September 26th. Erste Group Bank cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Finally, DA Davidson restated a "neutral" rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Costco Wholesale has an average rating of "Moderate Buy" and an average target price of $1,066.23.

Costco Wholesale Company Profile

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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