Marble Harbor Investment Counsel LLC Buys 1,200 Shares of Costco Wholesale Co. (COST)

Marble Harbor Investment Counsel LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 46.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,801 shares of the retailer’s stock after purchasing an additional 1,200 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Costco Wholesale were worth $624,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Costco Wholesale by 3,005.9% in the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Costco Wholesale by 15,937.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after acquiring an additional 1,439,613 shares in the last quarter. Capital World Investors boosted its holdings in 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 acquiring an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 937,121 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ:COST) traded up $2.46 during mid-day trading on Friday, reaching $191.84. The company’s stock had a trading volume of 3,500,000 shares, compared to its average volume of 3,230,000. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $84,250.00, a P/E 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 data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The business had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts expect that Costco Wholesale Co. will post 6.61 earnings per share for the current fiscal year.

COST has been the subject of several recent analyst reports. Moffett Nathanson initiated coverage on Costco Wholesale in a research note on Monday, December 4th. They issued a “buy” rating for the company. < Robert W. Baird restated a "buy" rating and issued a $215.00 price target on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares upped their price objective on Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a research report on Friday, December 15th. Stifel Nicolaus reiterated a "buy" rating and set a $200.00 price objective (up previously from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Vetr cut Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective for the company. in a research report on Friday, December 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $188.90.

In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,401,688.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $188.62, for a total value of $943,100.00. Following the transaction, the insider now owns 30,853 shares in the company, valued at $5,819,492.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,027 shares of company stock worth $15,872,935. Company insiders own 0.74% of the company’s stock.

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Costco Wholesale Company 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.

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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