Venturi Wealth Management LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 38,836 shares of the retailer’s stock after selling 2,545 shares during the period. Costco Wholesale accounts for approximately 1.4% of Venturi Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Venturi Wealth Management LLC’s holdings in Costco Wholesale were worth $6,443,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of COST. Jacobus Wealth Management Inc. bought a new stake in Costco Wholesale during the third quarter valued at about $103,000. Almanack Investment Partners LLC. bought a new stake in Costco Wholesale during the second quarter valued at about $101,000. Shamrock Asset Management LLC boosted its holdings in Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after acquiring an additional 418 shares during the period. Mercer Capital Advisers Inc. boosted its holdings in Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Finally, Smithfield Trust Co. boosted its holdings in Costco Wholesale by 150.2% during the third quarter. Smithfield Trust Co. now owns 808 shares of the retailer’s stock valued at $133,000 after acquiring an additional 485 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

A number of research analysts have recently commented on the stock. Vetr lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective for the company. in a research report on Wednesday, September 27th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective for the company in a research report on Friday, January 12th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, November 30th. Susquehanna Bancshares upped their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, December 15th. Finally, Barclays reaffirmed a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research report on Tuesday, December 19th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $188.90.

Costco Wholesale Co. (NASDAQ COST) opened at $192.29 on Friday. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $84,435.69, a PE ratio of 32.00, a P/E/G ratio of 3.15 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. analysts expect that Costco Wholesale Co. will post 6.69 EPS for the current fiscal year.

In related news, VP Paul G. Moulton sold 6,985 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $187.92, for a total value of $1,312,621.20. Following the completion of the transaction, the vice president now owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the transaction, the director now directly owns 4,109 shares of the company’s stock, valued at approximately $665,658. The disclosure for this sale can be found here. Insiders sold 112,027 shares of company stock valued at $20,831,835 in the last three months. Company insiders own 0.74% of the company’s stock.

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

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