Bbva Compass Bancshares Inc. reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 21.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 16,342 shares of the retailer’s stock after selling 4,439 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Costco Wholesale were worth $2,685,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale in the 2nd quarter worth about $101,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at about $107,000. Mercer Capital Advisers Inc. raised its stake in Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Ledyard National Bank raised its stake in Costco Wholesale by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares during the period. Finally, Bruderman Asset Management LLC bought a new stake in Costco Wholesale in the 2nd quarter valued at about $139,000. 70.91% of the stock is currently owned by institutional investors.
Shares of Costco Wholesale Co. (NASDAQ:COST) traded up $2.46 on Friday, hitting $191.84. The stock had a trading volume of 3,496,876 shares, compared to its average volume of 3,230,000. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The company has a market capitalization of $84,250.00, a PE ratio of 30.50, a PEG ratio of 3.14 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 (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for 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%. Costco Wholesale’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. equities analysts expect that Costco Wholesale Co. will post 6.61 earnings per share for the current year.
COST has been the topic of a number of research reports. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Citigroup restated a “buy” rating and issued a $190.00 price objective (up from $187.00) on shares of Costco Wholesale in a research note on Monday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $190.00 price objective (up from $184.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Jefferies Group restated a “hold” rating and issued a $162.00 price objective (down from $168.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Finally, Oppenheimer set a $185.00 price objective on Costco Wholesale and gave the company a “buy” rating in a research note on Friday, October 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $188.90.
In related news, VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total value of $809,600.00. Following the transaction, the vice president now directly owns 626 shares in the company, valued at $101,361.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $161.97, for a total transaction of $161,970.00. Following the completion of the transaction, the director now owns 8,654 shares in the company, valued at $1,401,688.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,027 shares of company stock worth $15,872,935. 0.74% of the stock is owned by company insiders.
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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.
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