Dorsey & Whitney Trust CO LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,244 shares of the retailer’s stock after selling 639 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Costco Wholesale were worth $1,027,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after acquiring an additional 937,121 shares during the period. BlackRock Inc. boosted its stake in Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares during the last quarter. Capital World Investors boosted its stake in Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the last quarter. Capital Research Global Investors boosted its stake in Costco Wholesale by 2.3% during the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after purchasing an additional 858,969 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on COST shares. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Citigroup reaffirmed a “buy” rating and set a $190.00 target price (up previously from $187.00) on shares of Costco Wholesale in a research note on Monday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Jefferies Group reaffirmed a “hold” rating and set a $162.00 target price (down previously from $168.00) on shares of Costco Wholesale in a research note on Friday, October 6th. Finally, Oppenheimer set a $185.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research note on Friday, October 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $188.90.
In related news, VP Richard A. Galanti sold 5,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now directly owns 41,396 shares in the company, valued at approximately $6,647,369.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total transaction of $161,970.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at $1,401,688.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,027 shares of company stock worth $15,872,935. 0.74% of the stock is owned by insiders.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $191.84 on Monday. The stock has a market cap of $84,250.00, a PE ratio of 30.50, a P/E/G ratio of 3.18 and a beta of 0.98. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. equities analysts predict that Costco Wholesale Co. will post 6.61 earnings per share for the current year.
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About Costco Wholesale
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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