Costco Wholesale Corporation (COST) Shares Sold by Marshall Wace North America L.P.
Marshall Wace North America L.P. cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 43.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,916 shares of the retailer’s stock after selling 21,012 shares during the period. Marshall Wace North America L.P.’s holdings in Costco Wholesale Corporation were worth $4,307,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Waldron LP acquired a new stake in shares of Costco Wholesale Corporation in the first quarter worth approximately $223,000. WealthTrust Fairport LLC boosted its position in shares of Costco Wholesale Corporation by 13.0% in the first quarter. WealthTrust Fairport LLC now owns 30,095 shares of the retailer’s stock worth $5,047,000 after acquiring an additional 3,456 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Costco Wholesale Corporation by 3.0% in the first quarter. Rhumbline Advisers now owns 770,297 shares of the retailer’s stock worth $129,171,000 after acquiring an additional 22,405 shares during the last quarter. Elkhorn Investments LLC acquired a new stake in shares of Costco Wholesale Corporation in the first quarter worth approximately $1,125,000. Finally, First Trust Advisors LP boosted its position in shares of Costco Wholesale Corporation by 30.6% in the first quarter. First Trust Advisors LP now owns 115,519 shares of the retailer’s stock worth $19,371,000 after acquiring an additional 27,089 shares during the last quarter. 72.49% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Corporation (NASDAQ COST) opened at 157.55 on Thursday. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a market cap of $68.88 billion, a P/E ratio of 25.91 and a beta of 0.94. The firm has a 50-day moving average of $160.51 and a 200-day moving average of $164.27.
Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same period in the prior year, the company posted $1.77 earnings per share. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. On average, analysts expect that Costco Wholesale Corporation will post $6.43 EPS for the current year.
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Several equities research analysts recently issued reports on the stock. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a report on Monday, October 9th. BMO Capital Markets set a $160.00 price target on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a report on Saturday, October 7th. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Citigroup Inc. restated a “buy” rating and issued a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $178.50.
In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the sale, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,000 shares of company stock valued at $481,760 over the last quarter. Corporate insiders own 0.74% of the company’s stock.
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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