Costco Wholesale Co. (COST) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,669 shares of the retailer’s stock after purchasing an additional 3,084 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Costco Wholesale were worth $5,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jacobus Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the third quarter worth $103,000. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale during the second quarter worth $101,000. Shamrock Asset Management LLC raised its position in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale during the second quarter worth $107,000. Finally, Mercer Capital Advisers Inc. raised its position in shares of Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.

Costco Wholesale Co. (COST) opened at $191.84 on Friday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $83,157.88, a PE ratio of 31.51, a price-to-earnings-growth ratio of 3.14 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. equities research analysts predict that Costco Wholesale Co. will post 6.61 EPS for the current year.

COST has been the subject of a number of recent research reports. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Citigroup restated a “buy” rating and set a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Jefferies Group restated a “hold” rating and set a $162.00 target price (down previously from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Oppenheimer set a $185.00 target price on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $188.90.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now directly owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul G. Moulton sold 6,985 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $187.92, for a total value of $1,312,621.20. Following the completion of the transaction, the vice president now directly owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,027 shares of company stock valued at $15,872,935. Insiders own 0.74% of the company’s stock.

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

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