Costco Wholesale Corporation (COST) Shares Sold by Denver Investment Advisors LLC

Denver Investment Advisors LLC lowered its position in Costco Wholesale Corporation (NASDAQ:COST) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,207 shares of the retailer’s stock after selling 1,896 shares during the quarter. Denver Investment Advisors LLC’s holdings in Costco Wholesale Corporation were worth $7,230,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after buying an additional 239,479 shares in the last quarter. FMR LLC increased its position in shares of Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after buying an additional 177,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares in the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 3,000 shares of company stock worth $481,760. Insiders own 0.74% of the company’s stock.

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Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same period in the prior year, the firm posted $1.77 EPS. The business’s revenue was up 15.7% compared to the same quarter last year.

A number of brokerages have recently weighed in on COST. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, July 6th. Vetr cut Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price target for the company. in a research report on Monday, June 19th. Cowen and Company restated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Monday, July 24th. Finally, Stifel Nicolaus set a $173.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $178.50.

About Costco Wholesale Corporation

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

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