Costco Wholesale Co. (NASDAQ:COST) Stake Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,627 shares of the retailer’s stock after selling 39,095 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Costco Wholesale worth $56,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale in the second quarter worth $101,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the third quarter worth $103,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale during the second quarter worth $107,000. Mercer Capital Advisers Inc. raised its position in Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Ledyard National Bank raised its position in Costco Wholesale by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

Several research firms have issued reports on COST. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares upped their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a report on Friday, December 15th. BMO Capital Markets upgraded shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $192.73 to $215.00 in a report on Monday, December 18th. Vetr upgraded shares of Costco Wholesale from a “sell” rating to a “hold” rating and set a $186.56 price objective on the stock in a report on Monday, December 18th. Finally, Barclays reiterated a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a report on Tuesday, December 19th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $188.90.

Costco Wholesale Co. (COST) traded down $0.01 on Thursday, reaching $185.41. 199,272 shares of the company traded hands, compared to its average volume of 3,170,000. The company has a market capitalization of $81,430.00, a PE ratio of 29.48, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. sell-side analysts anticipate that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.

In related news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul G. Moulton sold 6,985 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the completion of the transaction, the vice president now owns 45,248 shares of the company’s stock, valued at approximately $8,503,004.16. The disclosure for this sale can be found here. Insiders sold 82,027 shares of company stock valued at $14,914,835 in the last three months. Company insiders own 0.58% of the company’s stock.

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About Costco Wholesale

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 (NASDAQ:COST)

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