Amica Mutual Insurance Co. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 42.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,512 shares of the retailer’s stock after selling 10,030 shares during the period. Amica Mutual Insurance Co.’s holdings in Costco Wholesale were worth $2,515,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Destination Wealth Management grew its holdings in shares of Costco Wholesale by 2.3% in the second quarter. Destination Wealth Management now owns 121,782 shares of the retailer’s stock valued at $19,477,000 after acquiring an additional 2,741 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $650,000. Stevens Capital Management LP bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $13,754,000. Profund Advisors LLC grew its holdings in Costco Wholesale by 7.0% during the second quarter. Profund Advisors LLC now owns 37,760 shares of the retailer’s stock valued at $6,039,000 after purchasing an additional 2,486 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Costco Wholesale by 16.4% during the second quarter. ProShare Advisors LLC now owns 161,178 shares of the retailer’s stock valued at $25,777,000 after purchasing an additional 22,731 shares during the period. Hedge funds and other institutional investors own 72.93% of the company’s stock.
In other Costco Wholesale 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 value of $1,312,621.20. Following the completion of the sale, the vice president now owns 45,248 shares of the company’s stock, valued at approximately $8,503,004.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James D. Sinegal sold 30,000 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares of the company’s stock, valued at approximately $143,316,900.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,859 shares of company stock valued at $19,238,290. 0.74% of the stock is owned by company insiders.
COST traded down $2.29 on Friday, hitting $183.96. The company had a trading volume of 2,259,047 shares, compared to its average volume of 2,338,814. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $199.88. The firm has a market capitalization of $81,730.28, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. The business had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts expect that Costco Wholesale Co. will post 6.77 EPS for the current fiscal year.
Several brokerages have weighed in on COST. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 price objective for the company. in a report on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares increased their price objective on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research report on Friday, December 15th. Finally, Barclays reiterated a “buy” rating and issued a $208.00 price objective on shares of Costco Wholesale in a research report on Tuesday, December 19th. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $191.39.
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Costco Wholesale 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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