Skandinaviska Enskilda Banken AB publ lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,652 shares of the retailer’s stock after buying an additional 2,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Costco Wholesale were worth $12,593,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of COST. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the third quarter worth about $103,000. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the second quarter worth about $101,000. Shamrock Asset Management LLC raised its stake in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares during the period. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the second quarter worth about $107,000. Finally, Mercer Capital Advisers Inc. raised its stake in Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Co. (NASDAQ:COST) opened at $191.53 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $84,120.00, a P/E ratio of 30.45, a P/E/G ratio of 3.18 and a beta of 0.98. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $195.35.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The firm had revenue of $31.81 billion during 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%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. research analysts expect that Costco Wholesale Co. will post 6.61 EPS for the current fiscal year.
In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul G. Moulton sold 6,985 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the transaction, the vice president now owns 45,248 shares of the company’s stock, valued at approximately $8,503,004.16. 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 in the last quarter. 0.58% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the stock. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research note on Thursday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $173.00 target price on shares of Costco Wholesale in a research note on Monday, October 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Tuesday, September 19th. Finally, Bank of America reiterated a “buy” rating and set a $192.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $188.90.
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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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