Trexquant Investment LP bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,478 shares of the retailer’s stock, valued at approximately $407,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cadinha & Co. LLC increased its holdings in shares of Costco Wholesale by 7.3% during the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after purchasing an additional 8,518 shares during the period. Intersect Capital LLC increased its holdings in shares of Costco Wholesale by 143.4% during the second quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after purchasing an additional 3,171 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Costco Wholesale during the second quarter valued at $1,985,000. State of Wisconsin Investment Board increased its holdings in shares of Costco Wholesale by 3.2% during the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock valued at $84,072,000 after purchasing an additional 16,066 shares during the period. Finally, Evergreen Capital Management LLC acquired a new position in shares of Costco Wholesale during the second quarter valued at $362,000. 70.91% of the stock is currently owned by hedge funds and other institutional investors.
In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $161.97, for a total value of $161,970.00. Following the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders have sold a total of 87,027 shares of company stock valued at $15,872,935 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.
A number of research analysts have recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $195.00 price target on shares of Costco Wholesale in a report on Friday. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Friday. Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target on the stock. in a report on Wednesday, September 27th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Finally, Susquehanna Bancshares raised their target price on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. 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 company currently has a consensus rating of “Buy” and a consensus price target of $188.90.
Costco Wholesale Co. (NASDAQ:COST) opened at $191.84 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $195.35. The firm has a market capitalization of $83,157.88, a price-to-earnings ratio of 31.51, a P/E/G ratio of 3.14 and a beta of 0.98.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter last year, the company posted $1.24 EPS. Costco Wholesale’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts expect that Costco Wholesale Co. will post 6.61 earnings per share for the current fiscal year.
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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.
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