HCR Wealth Advisors Has $1.64 Million Position in Costco Wholesale Co. (COST)

HCR Wealth Advisors increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 9,978 shares of the retailer’s stock after acquiring an additional 425 shares during the period. HCR Wealth Advisors’ holdings in Costco Wholesale were worth $1,639,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COST. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale during the second quarter worth $101,000. Jacobus Wealth Management Inc. purchased a new position in shares of Costco Wholesale during the third quarter worth $103,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale during the second quarter worth $107,000. Shamrock Asset Management LLC boosted 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 buying an additional 418 shares during the period. Finally, Mercer Capital Advisers Inc. boosted 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 buying an additional 23 shares during the period. Institutional investors own 70.98% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $192.29 on Thursday. 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 firm has a market capitalization of $84,450.00, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same period last year, the firm earned $1.24 earnings per share. Costco Wholesale’s quarterly 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.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total value of $736,708.96. Following the sale, the vice president now owns 52,858 shares in the company, valued at approximately $8,888,601.28. 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.

COST has been the subject of several research analyst reports. TheStreet upgraded Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Cowen set a $182.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Oppenheimer set a $185.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Robert W. Baird set a $200.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Finally, Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a research report on Wednesday, September 27th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Costco Wholesale has a consensus rating of “Buy” and an average price target of $188.90.

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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.

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

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