Costco Wholesale Corporation (COST) Holdings Lifted by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,167 shares of the retailer’s stock after purchasing an additional 900 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Costco Wholesale Corporation were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after acquiring an additional 239,479 shares during the last quarter. FMR LLC boosted its position in shares of Costco Wholesale Corporation by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after acquiring an additional 177,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after acquiring an additional 79,201 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after acquiring an additional 1,753,741 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after acquiring an additional 361,581 shares during the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 160.77 on Friday. The company’s 50-day moving average price is $160.74 and its 200-day moving average price is $164.19. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company has a market cap of $70.29 billion, a P/E ratio of 26.44 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the business earned $1.77 EPS. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the sale, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by company insiders.

A number of research analysts have recently commented on COST shares. Deutsche Bank AG reiterated a “hold” rating and set a $172.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. increased their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $185.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Morgan Stanley downgraded Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an

A number of other hedge funds have also bought and sold shares of the business. State Street Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after acquiring an additional 239,479 shares during the last quarter. FMR LLC boosted its position in shares of Costco Wholesale Corporation by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after acquiring an additional 177,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after acquiring an additional 79,201 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after acquiring an additional 1,753,741 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after acquiring an additional 361,581 shares during the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 160.77 on Friday. The company’s 50-day moving average price is $160.74 and its 200-day moving average price is $164.19. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company has a market cap of $70.29 billion, a P/E ratio of 26.44 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the business earned $1.77 EPS. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the sale, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 3,000 shares of company stock worth $481,760. 0.74% of the stock is owned by company insiders.

A number of research analysts have recently commented on COST shares. Deutsche Bank AG reiterated a “hold” rating and set a $172.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. increased their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $185.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Morgan Stanley downgraded Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $178.50.

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Costco Wholesale Corporation 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.

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

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