Costco Wholesale Co. (COST) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 23,038 shares of the retailer’s stock after selling 605 shares during the period. Gateway Investment Advisers LLC’s holdings in Costco Wholesale were worth $5,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Costco Wholesale by 3.3% in the 2nd quarter. BlackRock Inc. now owns 27,121,793 shares of the retailer’s stock valued at $5,667,910,000 after acquiring an additional 858,755 shares during the last quarter. FMR LLC lifted its stake in shares of Costco Wholesale by 13.5% in the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after acquiring an additional 1,256,873 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Costco Wholesale by 0.6% in the 2nd quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after acquiring an additional 37,778 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Costco Wholesale by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 2,597,844 shares of the retailer’s stock valued at $542,898,000 after acquiring an additional 109,028 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Costco Wholesale by 1.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after acquiring an additional 23,227 shares during the last quarter. 71.57% of the stock is owned by institutional investors.

In other Costco Wholesale news, VP Roland Michael Vachris sold 6,600 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the transaction, the vice president now owns 17,282 shares in the company, valued at approximately $3,903,658.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the transaction, the vice president now owns 33,834 shares in the company, valued at approximately $7,417,089.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,600 shares of company stock worth $6,841,908. 0.74% of the stock is owned by company insiders.

Shares of NASDAQ:COST opened at $228.58 on Friday. Costco Wholesale Co. has a 1 year low of $157.00 and a 1 year high of $245.16. The stock has a market cap of $100.20 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 2.91 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.46 and a debt-to-equity ratio of 0.50.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The company had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter in the previous year, the business earned $2.08 EPS. Costco Wholesale’s revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Co. will post 7.7 earnings per share for the current fiscal year.

COST has been the subject of a number of recent research reports. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 22nd. Stifel Nicolaus boosted their target price on Costco Wholesale from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Tuesday, September 11th. Loop Capital set a $265.00 target price on Costco Wholesale and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Oppenheimer boosted their target price on Costco Wholesale from $210.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $237.94.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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