Trust Department MB Financial Bank N A reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,314 shares of the retailer’s stock after selling 665 shares during the period. Trust Department MB Financial Bank N A’s holdings in Costco Wholesale were worth $675,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Costco Wholesale by 13.5% during the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after purchasing an additional 1,256,873 shares during the period. Van ECK Associates Corp lifted its position in Costco Wholesale by 19.4% during the second quarter. Van ECK Associates Corp now owns 22,065 shares of the retailer’s stock worth $4,611,000 after purchasing an additional 3,579 shares during the period. OppenheimerFunds Inc. lifted its position in Costco Wholesale by 12.0% during the second quarter. OppenheimerFunds Inc. now owns 68,882 shares of the retailer’s stock worth $14,395,000 after purchasing an additional 7,405 shares during the period. Tuttle Tactical Management bought a new stake in Costco Wholesale during the second quarter worth about $494,000. Finally, Cubist Systematic Strategies LLC lifted its position in Costco Wholesale by 104.0% during the second quarter. Cubist Systematic Strategies LLC now owns 2,968 shares of the retailer’s stock worth $620,000 after purchasing an additional 1,513 shares during the period. Hedge funds and other institutional investors own 70.60% of the company’s stock.
Several research firms recently weighed in on COST. Barclays reaffirmed a “hold” rating and set a $225.00 price objective on shares of Costco Wholesale in a research report on Wednesday. Argus reissued a “buy” rating and issued a $245.00 target price (down previously from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Royal Bank of Canada dropped their target price on shares of Costco Wholesale to $247.00 and set an “outperform” rating for the company in a report on Friday, December 14th. BMO Capital Markets set a $258.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Friday, December 14th. Finally, Bank of America reissued a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a report on Friday, December 14th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $239.46.
Shares of Costco Wholesale stock traded up $1.59 on Wednesday, hitting $210.14. The stock had a trading volume of 70,264 shares, compared to its average volume of 2,473,480. Costco Wholesale Co. has a twelve month low of $175.79 and a twelve month high of $245.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.48. The company has a market capitalization of $90.85 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.70 and a beta of 0.99.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). The firm had revenue of $34.31 billion during the quarter, compared to analyst estimates of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. Equities analysts anticipate that Costco Wholesale Co. will post 7.64 EPS for the current year.
In other Costco Wholesale news, VP Franz E. Lazarus sold 23,000 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $226.76, for a total transaction of $5,215,480.00. Following the completion of the sale, the vice president now owns 6,830 shares of the company’s stock, valued at approximately $1,548,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $206.15, for a total transaction of $332,107.65. Following the sale, the director now directly owns 51,389 shares of the company’s stock, valued at approximately $10,593,842.35. The disclosure for this sale can be found here. Insiders have sold a total of 60,662 shares of company stock valued at $13,624,025 in the last three months. Insiders own 0.21% of the company’s stock.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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