13,395 Shares in Costco Wholesale Corporation (COST) Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. bought a new position in shares of Costco Wholesale Corporation (NASDAQ:COST) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,395 shares of the retailer’s stock, valued at approximately $2,142,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Investment Management of Virginia LLC grew its position in Costco Wholesale Corporation by 2.8% in the second quarter. Investment Management of Virginia LLC now owns 7,897 shares of the retailer’s stock valued at $1,263,000 after acquiring an additional 217 shares in the last quarter. Mogy Joel R Investment Counsel Inc. grew its position in shares of Costco Wholesale Corporation by 0.3% during the second quarter. Mogy Joel R Investment Counsel Inc. now owns 107,887 shares of the retailer’s stock worth $17,254,000 after buying an additional 305 shares in the last quarter. California Capital Advisors Inc. grew its position in shares of Costco Wholesale Corporation by 2.1% during the second quarter. California Capital Advisors Inc. now owns 6,197 shares of the retailer’s stock worth $991,000 after buying an additional 129 shares in the last quarter. Northeast Investment Management grew its position in shares of Costco Wholesale Corporation by 4.7% during the second quarter. Northeast Investment Management now owns 113,553 shares of the retailer’s stock worth $18,161,000 after buying an additional 5,089 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its position in shares of Costco Wholesale Corporation by 4.8% during the second quarter. Chartwell Investment Partners LLC now owns 43,620 shares of the retailer’s stock worth $6,976,000 after buying an additional 2,000 shares in the last quarter. 72.41% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction of $802,900.00. Following the transaction, the vice president now owns 41,396 shares of the company’s stock, valued at $6,647,369.68. The disclosure for this sale can be found here. Insiders sold 15,350 shares of company stock valued at $2,474,960 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

Costco Wholesale Corporation (COST) opened at 162.38 on Friday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 26.71 and a beta of 0.94. The firm has a 50-day moving average price of $160.97 and a 200-day moving average price of $164.02.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same period last year, the business posted $1.77 earnings per share. Costco Wholesale Corporation’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

COST has been the topic of several research analyst reports. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. BMO Capital Markets restated an “outperform” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Stifel Nicolaus restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Friday, July 7th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $178.50.

Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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