Northeast Investment Management Has $18.35 Million Position in Costco Wholesale Co. (COST)

Northeast Investment Management decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 111,697 shares of the retailer’s stock after selling 1,856 shares during the quarter. Costco Wholesale makes up 1.6% of Northeast Investment Management’s portfolio, making the stock its 23rd biggest holding. Northeast Investment Management’s holdings in Costco Wholesale were worth $18,351,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of COST. Almanack Investment Partners LLC. acquired a new stake in Costco Wholesale during the second quarter worth approximately $101,000. Jacobus Wealth Management Inc. acquired a new stake in Costco Wholesale during the third quarter worth approximately $103,000. Northwest Investment Counselors LLC acquired a new stake in Costco Wholesale during the second quarter worth approximately $107,000. Shamrock Asset Management LLC raised its holdings in 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 purchasing an additional 418 shares in the last quarter. Finally, Mercer Capital Advisers Inc. raised its holdings in 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 purchasing an additional 23 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total value of $809,600.00. Following the transaction, the vice president now directly owns 626 shares in the company, valued at approximately $101,361.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.16, for a total transaction of $736,708.96. Following the completion of the transaction, the vice president now owns 52,858 shares in the company, valued at $8,888,601.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,027 shares of company stock worth $20,831,835. 0.74% of the stock is currently owned by insiders.

Costco Wholesale Co. (NASDAQ:COST) opened at $192.29 on Friday. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year 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. The firm has a market cap of $84,790.00, a price-to-earnings ratio of 30.57, a P/E/G ratio of 3.14 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same period last year, the firm posted $1.24 EPS. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. equities analysts anticipate that Costco Wholesale Co. will post 6.69 earnings per share for the current year.

COST has been the topic of a number of research analyst reports. TheStreet raised shares of Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Cowen set a $182.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Friday, October 6th. Oppenheimer set a $185.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Friday, October 6th. Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Vetr cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective on the stock. in a report on Wednesday, September 27th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus 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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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