Clarius Group LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,122 shares of the retailer’s stock after selling 552 shares during the quarter. Clarius Group LLC’s holdings in Costco Wholesale were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of COST. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at about $101,000. Jacobus Wealth Management Inc. acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $103,000. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale during the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. lifted its position in Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Ledyard National Bank lifted its position in Costco Wholesale by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares in the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on COST. BMO Capital Markets set a $223.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price objective on the stock. in a report on Monday, January 22nd. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Friday, January 12th. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Costco Wholesale in a report on Friday, January 12th. Finally, Oppenheimer lifted their price objective on Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $189.20.
In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $161.97, for a total transaction of $161,970.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $1,401,688.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $170.95, for a total value of $512,850.00. Following the sale, the chief financial officer now owns 35,225 shares of the company’s stock, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,677 shares of company stock worth $19,641,535. Insiders own 0.74% of the company’s stock.
Costco Wholesale Co. (NASDAQ:COST) traded up $0.96 during trading hours on Friday, reaching $198.91. The company had a trading volume of 2,553,280 shares, compared to its average volume of 2,850,000. The firm has a market capitalization of $87,360.00, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.25 and a beta of 0.98. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $199.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 25.45% and a net margin of 2.05%. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. sell-side analysts anticipate that Costco Wholesale Co. will post 6.69 earnings per share for the current 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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