State of Wisconsin Investment Board Has $79.27 Million Holdings in Costco Wholesale Corporation (COST)

State of Wisconsin Investment Board raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 47.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 495,662 shares of the retailer’s stock after acquiring an additional 158,480 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.11% of Costco Wholesale Corporation worth $79,271,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN increased its position in shares of Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation in the second quarter valued at about $107,000. Mercer Capital Advisers Inc. increased its position in shares of Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Mosaic Family Wealth LLC increased its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after acquiring an additional 100 shares during the period. Finally, CKW Financial Group increased its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 72.34% of the company’s stock.

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A number of equities analysts have issued reports on the stock. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday. Credit Suisse Group restated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Tuesday. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $183.04 price objective on the stock in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a research report on Monday. Finally, Bank of America Corporation reiterated a “buy” rating and set a $192.00 price target on shares of Costco Wholesale Corporation in a research report on Monday. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $178.50.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the sale, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by insiders.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 EPS.

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.

Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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