Godsey & Gibb Associates reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,461 shares of the retailer’s stock after selling 1,022 shares during the period. Costco Wholesale accounts for approximately 2.2% of Godsey & Gibb Associates’ holdings, making the stock its 28th largest holding. Godsey & Gibb Associates’ holdings in Costco Wholesale were worth $13,055,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of COST. Janus Henderson Group PLC lifted its holdings in Costco Wholesale by 3,005.9% during 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 lifted its holdings in shares of 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 valued at $9,058,000 after purchasing an additional 1,439,613 shares in the last quarter. Capital World Investors lifted its holdings in shares of Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.
Costco Wholesale Co. (NASDAQ COST) opened at $191.84 on Friday. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. The company 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 posted its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the 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 company had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. sell-side analysts expect that Costco Wholesale Co. will post 6.61 EPS for the current fiscal year.
A number of brokerages have recently commented on COST. Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a report on Thursday, January 4th. Stifel Nicolaus restated a “buy” rating and issued a $173.00 price target on shares of Costco Wholesale in a report on Monday, October 9th. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price target on shares of Costco Wholesale in a report on Monday, December 4th. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, September 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $192.00 target price on shares of Costco Wholesale in a research report on Monday, October 9th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $188.90.
In related news, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard M. Libenson sold 2,350 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the sale, the director now owns 4,109 shares of the company’s stock, valued at $665,658. The disclosure for this sale can be found here. Insiders sold 87,027 shares of company stock worth $15,872,935 in the last ninety days. 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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