Costco Wholesale Corporation (NASDAQ:COST) Shares Bought by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 402.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,338 shares of the retailer’s stock after buying an additional 7,478 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Costco Wholesale Corporation were worth $1,566,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Marshall & Sullivan Inc. WA raised its position in shares of Costco Wholesale Corporation by 0.9% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 1,580 shares of the retailer’s stock valued at $253,000 after buying an additional 14 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Costco Wholesale Corporation by 1.8% in the first quarter. Capital Investment Advisors LLC now owns 1,406 shares of the retailer’s stock valued at $236,000 after buying an additional 25 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Moloney Securities Asset Management LLC now owns 2,082 shares of the retailer’s stock valued at $349,000 after buying an additional 26 shares in the last quarter. Leavell Investment Management Inc. raised its position in shares of Costco Wholesale Corporation by 2.2% in the first quarter. Leavell Investment Management Inc. now owns 1,278 shares of the retailer’s stock valued at $214,000 after buying an additional 28 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its position in shares of Costco Wholesale Corporation by 1.6% in the first quarter. Integrated Investment Consultants LLC now owns 2,197 shares of the retailer’s stock valued at $368,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.24% during mid-day trading on Friday, reaching $152.89. 2,779,452 shares of the company’s stock traded hands. The company has a market cap of $67.06 billion, a P/E ratio of 26.54 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. The stock has a 50 day moving average of $159.49 and a 200 day moving average of $167.96.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. The business had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. On average, equities research analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on COST. Oppenheimer Holdings, Inc. set a $185.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Saturday, April 1st. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a report on Friday, May 26th. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Finally, Barclays PLC restated an “overweight” rating and issued a $190.00 target price (up previously from $185.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has an average rating of “Buy” and an average target price of $179.11.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the transaction, the director now directly owns 5,974 shares in the company, valued at $957,512.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the completion of the transaction, the insider now owns 28,786 shares of the company’s stock, valued at $5,219,477.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock valued at $2,518,180. Company insiders own 0.74% of the company’s stock.

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.

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

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