Welch Capital Partners LLC NY acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,023 shares of the retailer’s stock, valued at approximately $3,816,000.

Other institutional investors have also modified their holdings of the company. PineBridge Investments L.P. boosted its position in shares of Costco Wholesale Corporation by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock worth $169,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC boosted its position in shares of Costco Wholesale Corporation by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock worth $172,000 after buying an additional 491 shares during the last quarter. Peddock Capital Advisors LLC acquired a new position in shares of Costco Wholesale Corporation during the third quarter worth approximately $181,000. Klingman & Associates LLC boosted its position in shares of Costco Wholesale Corporation by 25.8% in the third quarter. Klingman & Associates LLC now owns 1,218 shares of the retailer’s stock worth $186,000 after buying an additional 250 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of Costco Wholesale Corporation by 0.7% in the third quarter. Alpha Windward LLC now owns 1,332 shares of the retailer’s stock worth $203,000 after buying an additional 9 shares during the last quarter. 71.50% of the stock is owned by institutional investors and hedge funds.

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

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.08% during trading on Friday, hitting $161.74. 556,591 shares of the company traded hands. The firm has a market cap of $71.04 billion, a price-to-earnings ratio of 29.51 and a beta of 0.85. Costco Wholesale Corporation has a 52-week low of $138.57 and a 52-week high of $169.59. The company’s 50-day moving average is $157.33 and its 200 day moving average is $157.24.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Wednesday, December 7th. The retailer reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $28.30 billion. Costco Wholesale Corporation had a net margin of 2.02% and a return on equity of 20.06%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 earnings per share. On average, equities analysts anticipate that Costco Wholesale Corporation will post $5.89 earnings per share for the current year.

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COST has been the subject of several analyst reports. Nomura set a $185.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, December 1st. Robert W. Baird set a $175.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Monday, November 28th. RBC Capital Markets restated an “outperform” rating and issued a $178.00 target price (up previously from $177.00) on shares of Costco Wholesale Corporation in a report on Friday, September 30th. Wells Fargo & Company initiated coverage on shares of Costco Wholesale Corporation in a report on Tuesday, October 18th. They issued a “market perform” rating and a $155.00 target price for the company. They noted that the move was a valuation call. Finally, Deutsche Bank AG restated a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $173.05.

In other Costco Wholesale Corporation news, Director Richard M. Libenson sold 2,385 shares of the stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total value of $360,135.00. Following the transaction, the director now directly owns 4,449 shares in the company, valued at $671,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David S. Petterson sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $151.10, for a total transaction of $453,300.00. Following the completion of the transaction, the insider now owns 25,626 shares in the company, valued at $3,872,088.60. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NASDAQ:COST

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