Fiduciary Financial Services of The Southwest Inc. TX Reduces Stake in Costco Wholesale Corporation (COST)

Fiduciary Financial Services of The Southwest Inc. TX decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,186 shares of the retailer’s stock after selling 273 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Costco Wholesale Corporation were worth $2,109,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COST. Brightworth boosted its position in shares of Costco Wholesale Corporation by 0.3% during the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after acquiring an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR boosted its position in shares of Costco Wholesale Corporation by 0.4% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after acquiring an additional 7 shares during the last quarter. Marshall & Sullivan Inc. WA boosted its position in shares of Costco Wholesale Corporation by 0.6% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after acquiring an additional 10 shares during the last quarter. CHICAGO TRUST Co NA boosted its position in shares of Costco Wholesale Corporation by 0.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of Costco Wholesale Corporation by 1.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 985 shares of the retailer’s stock valued at $158,000 after acquiring an additional 13 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on 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 directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $481,760 over the last 90 days. 0.74% of the stock is owned by company insiders.

COST has been the topic of several recent research reports. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a research report on Monday, August 21st. Deutsche Bank AG reissued a “hold” rating and set a $172.00 price target on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and set a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale Corporation in a research report on Monday. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $190.00 price target (up previously from $184.00) on shares of Costco Wholesale Corporation in a research report on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $178.50.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 157.22 on Friday. The company’s 50 day moving average is $159.80 and its 200-day moving average is $164.54. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The stock has a market capitalization of $68.74 billion, a price-to-earnings ratio of 25.86 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% 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 period in the previous year, the business earned $1.77 EPS. Costco Wholesale Corporation’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

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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.

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

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