Costco Wholesale Co. (COST) Holdings Decreased by Carroll Financial Associates Inc.

Carroll Financial Associates Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,925 shares of the retailer’s stock after selling 55 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Costco Wholesale were worth $605,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Costco Wholesale by 13.5% during the 2nd quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock worth $2,209,107,000 after acquiring an additional 1,256,873 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Costco Wholesale by 12.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 68,882 shares of the retailer’s stock worth $14,395,000 after acquiring an additional 7,405 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Costco Wholesale by 104.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,968 shares of the retailer’s stock worth $620,000 after acquiring an additional 1,513 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Costco Wholesale by 18.3% during the 2nd quarter. Sterling Capital Management LLC now owns 10,744 shares of the retailer’s stock worth $2,245,000 after acquiring an additional 1,665 shares during the period. Finally, Hilltop Holdings Inc. bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $224,000. 70.60% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on COST shares. Wells Fargo & Co downgraded Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 target price for the company. in a research note on Friday, September 14th. Royal Bank of Canada reduced their target price on Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. JPMorgan Chase & Co. lifted their target price on Costco Wholesale from $227.00 to $255.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Citigroup lifted their target price on Costco Wholesale from $250.00 to $257.00 and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, BMO Capital Markets reduced their price target on Costco Wholesale from $260.00 to $258.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $239.46.

COST opened at $210.51 on Friday. The firm has a market capitalization of $92.46 billion, a P/E ratio of 30.82, a PEG ratio of 2.75 and a beta of 0.99. Costco Wholesale Co. has a 1 year low of $175.79 and a 1 year high of $245.16. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.01). The company had revenue of $34.31 billion during the quarter, compared to analyst estimates of $34.66 billion. Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. Costco Wholesale’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, research analysts expect that Costco Wholesale Co. will post 7.64 EPS for the current fiscal year.

In other Costco Wholesale news, Director Richard M. Libenson sold 2,049 shares of Costco Wholesale stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $224.00, for a total value of $458,976.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $682,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 739 shares of Costco Wholesale stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total value of $151,495.00. Following the completion of the transaction, the director now directly owns 52,249 shares of the company’s stock, valued at $10,711,045. The disclosure for this sale can be found here. Insiders sold a total of 60,662 shares of company stock valued at $13,624,025 over the last ninety days. Insiders own 0.21% of the company’s stock.

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Costco Wholesale Company 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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