First Citizens Bank & Trust Co. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 16.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,863 shares of the retailer’s stock after purchasing an additional 3,685 shares during the period. First Citizens Bank & Trust Co.’s holdings in Costco Wholesale were worth $6,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MUFG Securities EMEA plc purchased a new stake in shares of Costco Wholesale during the second quarter worth about $103,000. Parkside Investments LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $105,000. Trilogy Capital Inc. purchased a new stake in shares of Costco Wholesale during the first quarter worth about $116,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Costco Wholesale during the second quarter worth about $119,000. Finally, Zions Bancorporation purchased a new stake in shares of Costco Wholesale during the second quarter worth about $160,000. Institutional investors own 71.57% of the company’s stock.

Shares of NASDAQ:COST opened at $228.58 on Friday. Costco Wholesale Co. has a 12-month low of $157.00 and a 12-month high of $245.16. The company has a market capitalization of $100.20 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 2.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.21%. The company had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. During the same period in the previous year, the company posted $2.08 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 7.7 EPS for the current year.

A number of brokerages have recently weighed in on COST. Zacks Investment Research lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. BidaskClub lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Argus reiterated a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a research report on Thursday, October 11th. ValuEngine upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, Loop Capital set a $265.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Wednesday, October 10th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $237.94.

In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $219.22, for a total value of $3,288,300.00. Following the completion of the transaction, the vice president now directly owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Roland Michael Vachris sold 6,600 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $225.88, for a total value of $1,490,808.00. Following the completion of the transaction, the vice president now directly owns 17,282 shares of the company’s stock, valued at $3,903,658.16. The disclosure for this sale can be found here. Insiders sold 30,600 shares of company stock valued at $6,841,908 over the last three months. 0.74% of the stock is currently owned by corporate insiders.

About Costco Wholesale

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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