Oppenheimer & Co. Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,273 shares of the retailer’s stock after selling 21,577 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Costco Wholesale were worth $17,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. BlackRock Inc. boosted its position in shares of Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares during the period. Capital World Investors boosted its position in shares of Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the period. Capital Research Global Investors boosted its position in shares of Costco Wholesale by 2.3% in the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale by 14.4% in the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after purchasing an additional 858,969 shares during the period. Institutional investors and hedge funds own 70.91% of the company’s stock.
In other news, VP Paul G. Moulton sold 6,985 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $187.92, for a total value of $1,312,621.20. Following the sale, the vice president now owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares in the company, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,027 shares of company stock worth $14,914,835. 0.58% of the stock is owned by insiders.
COST has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Robert W. Baird reissued an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, September 25th. Vetr downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 target price on the stock. in a report on Wednesday, September 27th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a report on Thursday, October 5th. Finally, Wells Fargo & Co set a $170.00 target price on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Thursday, October 5th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $188.90.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $185.42 on Thursday. The stock has a market cap of $81,430.00, a price-to-earnings ratio of 29.48, a P/E/G ratio of 3.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $195.35.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. equities analysts forecast that Costco Wholesale Co. will post 6.59 EPS for the current year.
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Costco Wholesale 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.
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