BKS Advisors LLC maintained its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,385 shares of the retailer’s stock at the end of the second quarter. BKS Advisors LLC’s holdings in Costco Wholesale Corporation were worth $1,341,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of COST. Delta Asset Management LLC TN raised its holdings in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. raised its holdings in Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the last quarter. Mosaic Family Wealth LLC raised its holdings in Costco Wholesale Corporation by 16.7% in the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. Finally, Ledyard National Bank raised its holdings in Costco Wholesale Corporation by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.
In other Costco Wholesale Corporation news, VP Dennis R. Zook sold 5,000 shares of the firm’s 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 sale, the vice president now directly owns 626 shares in the company, valued at approximately $101,361.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the sale, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The disclosure for this sale can be found here. Insiders sold a total of 15,350 shares of company stock worth $2,474,960 over the last quarter. 0.74% of the stock is currently owned by company insiders.
Costco Wholesale Corporation (COST) opened at 162.38 on Monday. The firm has a 50-day moving average of $161.15 and a 200-day moving average of $163.94. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 26.71 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same period last year, the business posted $1.77 EPS. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current year.
Several brokerages have weighed in on COST. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday, October 20th. TheStreet upgraded Costco Wholesale Corporation from a “c” rating to a “b” rating in a report on Monday, October 9th. Credit Suisse Group reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a report on Tuesday, October 10th. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $183.04 price target for the company in a report on Monday, October 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $173.00 price target on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus target price of $178.50.
Costco Wholesale Corporation 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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