Clarius Group LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,122 shares of the retailer’s stock after selling 552 shares during the period. Clarius Group LLC’s holdings in Costco Wholesale were worth $841,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of COST. Ngam Advisors L.P. increased its holdings in shares of Costco Wholesale by 0.8% in the 1st quarter. Ngam Advisors L.P. now owns 70,233 shares of the retailer’s stock valued at $11,777,000 after purchasing an additional 584 shares in the last quarter. Cleararc Capital Inc. increased its holdings in Costco Wholesale by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 10,740 shares of the retailer’s stock valued at $1,801,000 after acquiring an additional 97 shares in the last quarter. Signaturefd LLC purchased a new position in Costco Wholesale during the 1st quarter valued at about $246,000. Shelton Capital Management boosted its stake in shares of Costco Wholesale by 74.3% during the 1st quarter. Shelton Capital Management now owns 67,956 shares of the retailer’s stock worth $11,396,000 after purchasing an additional 28,966 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Costco Wholesale by 48.1% during the 1st quarter. Edgestream Partners L.P. now owns 2,304 shares of the retailer’s stock worth $386,000 after purchasing an additional 748 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
A number of brokerages have weighed in on COST. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares lifted their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. BMO Capital Markets upgraded shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $192.73 to $215.00 in a research note 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 research note on Monday, December 18th. Finally, Barclays reiterated a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $188.90.
In other news, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.03, for a total value of $3,860,600.00. Following the transaction, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the transaction, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,027 shares of company stock worth $15,872,935. Corporate insiders own 0.74% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ COST) traded up $2.46 during trading on Friday, reaching $191.84. 3,496,876 shares of the company’s stock traded hands, compared to its average volume of 3,230,000. 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 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.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the consensus estimate of $1.35 by $0.01. The firm 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 previous year, the business earned $1.24 earnings per share. equities research analysts anticipate that Costco Wholesale Co. will post 6.61 EPS for the current fiscal 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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