National Planning Corp decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,274 shares of the retailer’s stock after selling 871 shares during the period. National Planning Corp’s holdings in Costco Wholesale were worth $2,356,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in COST. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale in the 2nd quarter valued at about $101,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the 3rd quarter worth about $103,000. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale in the 2nd quarter worth about $107,000. Shamrock Asset Management LLC raised its position in Costco Wholesale by 171.3% in the 3rd 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. Finally, Mercer Capital Advisers Inc. raised its position in Costco Wholesale by 3.5% in the 2nd 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 owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on COST shares. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Citigroup reissued a “buy” rating and issued a $190.00 price objective (up from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $190.00 price objective (up from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Jefferies Group reissued a “hold” rating and issued a $162.00 price objective (down from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Oppenheimer set a $185.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $188.90.
Costco Wholesale Co. (COST) opened at $191.51 on Friday. The company has a market cap of $84,435.67, a P/E ratio of 30.45, a PEG ratio of 3.17 and a beta of 0.98. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year 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.
Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. research analysts anticipate that Costco Wholesale Co. will post 6.66 EPS for the current year.
In related news, VP Paul G. Moulton sold 6,985 shares of Costco Wholesale stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the transaction, the vice president now directly owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the transaction, the vice president now directly owns 626 shares in the company, valued at $101,361.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,027 shares of company stock worth $15,070,035. Corporate 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.
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