Fuller & Thaler Asset Management Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 56.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,600 shares of the retailer’s stock after acquiring an additional 1,300 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Costco Wholesale were worth $591,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $101,000. Jacobus Wealth Management Inc. acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $103,000. Northwest Investment Counselors LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. grew its holdings in shares of Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares in the last quarter. Finally, Ledyard National Bank grew its holdings in shares of Costco Wholesale by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares in the last quarter. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. Vetr raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a report on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale in a report on Monday, October 9th. JPMorgan Chase & Co. reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, September 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $192.00 price target on shares of Costco Wholesale in a research note on Monday, October 9th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $188.90.
Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion during 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 firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 earnings per share. sell-side analysts expect that Costco Wholesale Co. will post 6.59 EPS for the current year.
In other news, VP Paul G. Moulton sold 6,985 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the completion of the sale, the vice president now owns 45,248 shares in the company, valued at $8,503,004.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,027 shares of company stock valued at $13,971,735. 0.58% of the stock is currently owned by corporate insiders.
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About Costco Wholesale
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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