Wrapmanager Inc. reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,929 shares of the retailer’s stock after selling 6 shares during the period. Wrapmanager Inc.’s holdings in Costco Wholesale Corporation were worth $309,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Waldron LP acquired a new stake in Costco Wholesale Corporation in the 1st quarter worth approximately $223,000. Willingdon Wealth Management boosted its stake in Costco Wholesale Corporation by 2.3% in the 1st quarter. Willingdon Wealth Management now owns 20,134 shares of the retailer’s stock worth $3,376,000 after purchasing an additional 450 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Costco Wholesale Corporation by 319.4% in the 1st quarter. WASHINGTON TRUST Co now owns 27,867 shares of the retailer’s stock worth $4,672,000 after purchasing an additional 21,222 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Costco Wholesale Corporation in the 1st quarter worth approximately $201,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Costco Wholesale Corporation by 52.2% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 22,470 shares of the retailer’s stock worth $3,768,000 after purchasing an additional 7,709 shares in the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.
Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 157.22 on Friday. The firm’s 50-day moving average is $159.80 and its 200 day moving average is $164.54. The firm has a market cap of $68.74 billion, a PE ratio of 25.86 and a beta of 0.94. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The business had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter last year, the business posted $1.77 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current year.
A number of analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price on shares of Costco Wholesale Corporation in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) cut shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and lowered their target price for the stock from $197.00 to $176.00 in a research note on Friday, June 16th. Cowen and Company reiterated an “outperform” rating and issued a $190.00 target price on shares of Costco Wholesale Corporation in a research note on Monday, June 19th. Deutsche Bank AG cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and lifted their target price for the stock from $142.11 to $167.11 in a research note on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Monday, June 19th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus target price of $178.50.
In other news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 3,000 shares of company stock valued at $481,760. Company insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation 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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