Marble Harbor Investment Counsel LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 46.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,801 shares of the retailer’s stock after acquiring an additional 1,200 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Costco Wholesale were worth $624,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of COST. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $101,000. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the 3rd quarter valued at $103,000. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. raised its stake in Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares in the last quarter. Finally, Ledyard National Bank raised its stake in Costco Wholesale by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 70.93% of the company’s stock.
In related news, VP Paul G. Moulton sold 4,381 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the transaction, the vice president now directly owns 52,858 shares in the company, valued at $8,888,601.28. 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 business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total value of $161,970.00. Following the transaction, the director now owns 8,654 shares in the company, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders have sold a total of 104,677 shares of company stock valued at $19,641,535 in the last three months. 0.74% of the stock is owned by insiders.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $198.91 on Monday. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $199.23. The firm has a market capitalization of $87,360.00, a PE ratio of 31.62, a price-to-earnings-growth ratio of 3.25 and a beta of 0.98. 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 (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 25.45% and a net margin of 2.05%. The company had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts expect that Costco Wholesale Co. will post 6.69 EPS for the current fiscal year.
Several analysts have weighed in on the company. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Susquehanna Bancshares lifted 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. Barclays reaffirmed a “buy” rating and set a $208.00 target price on shares of Costco Wholesale in a research note on Tuesday, December 19th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Friday, January 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Costco Wholesale has an average rating of “Buy” and an average price target of $189.20.
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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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