Rational Advisors LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 75.9% in the third quarter, Holdings Channel reports. The firm owned 1,600 shares of the retailer’s stock after selling 5,042 shares during the period. Rational Advisors LLC’s holdings in Costco Wholesale were worth $263,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in COST. Janus Henderson Group PLC boosted its stake in Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares during the last quarter. Capital World Investors boosted its stake in Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares during the last quarter. Vanguard Group Inc. boosted its stake in Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after buying an additional 858,969 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.
In related news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total value of $561,690.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,620,288.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the transaction, the vice president now owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The disclosure for this sale can be found here. Insiders sold a total of 59,842 shares of company stock worth $10,744,218 in the last ninety days. 0.74% of the stock is currently owned by insiders.
Several equities analysts have commented on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a research report on Monday, December 4th. They set a “buy” rating on the stock. < Robert W. Baird reissued a "buy" rating and set a $215.00 target price on shares of Costco Wholesale in a research report on Friday, December 15th. Susquehanna Bancshares lifted their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research report on Friday, December 15th. Stifel Nicolaus reissued a "buy" rating and set a $200.00 target price (up previously from $185.00) on shares of Costco Wholesale in a research report on Friday, December 15th. Finally, Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 target price on the stock. in a research report on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average price target of $187.93.
Shares of Costco Wholesale Co. (NASDAQ COST) opened at $187.75 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $82,460.00, a P/E ratio of 29.85, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35.
Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. analysts expect that Costco Wholesale Co. will post 6.59 earnings per share for the current fiscal year.
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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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