Clarius Group LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 9.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,122 shares of the retailer’s stock after selling 552 shares during the period. Clarius Group LLC’s holdings in Costco Wholesale were worth $841,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COST. Motco boosted its stake in Costco Wholesale by 5.9% during the third quarter. Motco now owns 28,266 shares of the retailer’s stock valued at $4,643,000 after buying an additional 1,580 shares during the period. Marble Harbor Investment Counsel LLC boosted its stake in Costco Wholesale by 46.1% during the third quarter. Marble Harbor Investment Counsel LLC now owns 3,801 shares of the retailer’s stock valued at $624,000 after buying an additional 1,200 shares during the period. British Airways Pensions Investment Management Ltd bought a new stake in Costco Wholesale during the third quarter valued at $33,506,000. First Dallas Securities Inc. boosted its stake in Costco Wholesale by 11.0% during the third quarter. First Dallas Securities Inc. now owns 7,080 shares of the retailer’s stock valued at $1,163,000 after buying an additional 700 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Costco Wholesale by 6.8% during the third quarter. Advisors Asset Management Inc. now owns 63,572 shares of the retailer’s stock valued at $10,444,000 after buying an additional 4,063 shares during the period. 70.87% of the stock is owned by hedge funds and other institutional investors.
COST has been the subject of several research analyst reports. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research note on Tuesday, September 12th. Robert W. Baird reissued an “outperform” rating and set a $200.00 price objective on shares of Costco Wholesale in a research note on Monday, September 25th. Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective for the company. in a research note on Wednesday, September 27th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research note on Thursday, October 5th. Finally, Wells Fargo & Co set a $170.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research note on Thursday, October 5th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $187.83.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. equities research analysts forecast that Costco Wholesale Co. will post 6.56 EPS for the current fiscal year.
In other news, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the transaction, the vice president now owns 626 shares in the company, valued at $101,361.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of 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 quarter, insiders sold 59,842 shares of company stock worth $10,744,218. Company insiders own 0.74% of the company’s stock.
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Costco Wholesale 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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