Nomura Asset Management Co. Ltd. Has $16.83 Million Holdings in Costco Wholesale Co. (COST)

Nomura Asset Management Co. Ltd. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 102,452 shares of the retailer’s stock after selling 8,545 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Costco Wholesale were worth $16,831,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. BlackRock Inc. grew its position in shares of Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Capital World Investors grew its position in shares of Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Capital Research Global Investors grew its position in shares of Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after purchasing an additional 207,675 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Costco Wholesale by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Costco Wholesale Co. (COST) opened at $192.29 on Friday. The company has a market capitalization of $84,435.69, a PE ratio of 32.00, a P/E/G ratio of 3.15 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month 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 announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. analysts expect that Costco Wholesale Co. will post 6.69 EPS for the current year.

A number of research analysts have recently weighed in on the company. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Friday, January 12th. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Telsey Advisory Group restated an “outperform” rating and set a $195.00 price objective on shares of Costco Wholesale in a research report on Friday, January 12th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research report on Thursday, October 5th. Finally, Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a research report on Thursday, January 4th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $188.90.

In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total value of $161,970.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at $1,401,688.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares of the company’s stock, valued at approximately $665,658. The disclosure for this sale can be found here. In the last three months, insiders sold 112,027 shares of company stock valued at $20,831,835. 0.74% of the stock is owned by insiders.

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Costco Wholesale 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 (NASDAQ:COST)

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