Oregon Public Employees Retirement Fund Increases Position in Costco Wholesale Co. (NASDAQ:COST)

Oregon Public Employees Retirement Fund increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,453 shares of the retailer’s stock after acquiring an additional 572 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Costco Wholesale were worth $17,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COST. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in Costco Wholesale by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares during the period. Capital World Investors boosted its position in Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the period. Vanguard Group Inc. boosted its position in Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the period. Finally, BlackRock Inc. boosted its position in Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares during the period. 70.91% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Daniel M. Hines sold 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $188.62, for a total value of $943,100.00. Following the sale, the insider now owns 30,853 shares in the company, valued at $5,819,492.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Libenson sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the completion of the sale, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,027 shares of company stock worth $14,914,835. Company insiders own 0.58% of the company’s stock.

Several brokerages have weighed in on COST. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares raised their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. BMO Capital Markets raised shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $192.73 to $215.00 in a research 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 target for the company in a research note on Monday, December 18th. Finally, Barclays reiterated a “buy” rating and issued a $208.00 price target on shares of Costco Wholesale in a research note on Tuesday, December 19th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average price target of $188.90.

Costco Wholesale Co. (COST) opened at $189.38 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35. The firm has a market cap of $83,170.00, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities research analysts forecast that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.

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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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