Estabrook Capital Management lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,951 shares of the retailer’s stock after selling 3,121 shares during the quarter. Costco Wholesale comprises 2.4% of Estabrook Capital Management’s holdings, making the stock its 12th biggest position. Estabrook Capital Management’s holdings in Costco Wholesale were worth $15,997,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Nationwide Fund Advisors raised its stake in shares of Costco Wholesale by 5.9% during the 2nd quarter. Nationwide Fund Advisors now owns 214,826 shares of the retailer’s stock worth $34,357,000 after acquiring an additional 12,055 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in Costco Wholesale during the 2nd quarter valued at approximately $139,000. BlackRock Inc. increased its stake in Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Costco Wholesale by 111.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,000 shares of the retailer’s stock valued at $320,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Costco Wholesale by 56.4% during the 2nd quarter. Amalgamated Bank now owns 51,686 shares of the retailer’s stock valued at $8,266,000 after purchasing an additional 18,635 shares in the last quarter. Hedge funds and other institutional investors own 72.93% of the company’s stock.
Shares of NASDAQ COST opened at $183.96 on Friday. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88. The firm has a market cap of $81,409.94, a P/E ratio of 31.61, a PEG ratio of 2.62 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 0.54.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). The firm had revenue of $33 billion for the quarter, compared to analysts’ expectations of $32.73 billion. Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. research analysts anticipate that Costco Wholesale Co. will post 6.77 EPS for the current year.
A number of research analysts have issued reports on the stock. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Friday, January 12th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research note on Thursday, January 4th. Finally, Robert W. Baird restated a “buy” rating and set a $215.00 price target on shares of Costco Wholesale in a research note on Friday, December 15th. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale currently has an average rating of “Buy” and an average price target of $191.39.
In other Costco Wholesale news, VP Paul G. Moulton sold 6,985 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now directly owns 30,853 shares in the company, valued at $5,819,492.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,859 shares of company stock worth $19,238,290. 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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