Intrust Bank NA raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,672 shares of the retailer’s stock after purchasing an additional 221 shares during the period. Intrust Bank NA’s holdings in Costco Wholesale Corporation were worth $587,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Delta Asset Management LLC TN boosted its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after purchasing an additional 65 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Costco Wholesale Corporation during the 2nd quarter worth about $107,000. Mercer Capital Advisers Inc. boosted its stake in shares of Costco Wholesale Corporation by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares in the last quarter. Finally, Ledyard National Bank boosted its stake in shares of Costco Wholesale Corporation by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares in the last quarter. 72.41% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts recently weighed in on the stock. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday, October 9th. Cowen and Company set a $180.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Saturday, July 22nd. Vetr upgraded shares of Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $168.75 price objective for the company in a report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday, July 7th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and a consensus price target of $178.50.
In other Costco Wholesale Corporation news, VP Richard A. Galanti sold 5,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the transaction, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the transaction, the director now owns 4,109 shares in the company, valued at approximately $665,658. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,350 shares of company stock worth $2,474,960. 0.74% of the stock is owned by company insiders.
Costco Wholesale Corporation (COST) opened at 162.29 on Wednesday. The company’s 50-day moving average is $160.88 and its 200 day moving average is $164.03. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 26.69 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $41.55 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Equities analysts forecast that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.
Costco Wholesale Corporation 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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