National Pension Service Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

National Pension Service boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 492,812 shares of the retailer’s stock after acquiring an additional 26,785 shares during the quarter. National Pension Service’s holdings in Costco Wholesale were worth $144,847,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bluefin Trading LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $3,440,000. Arrow Financial Corp boosted its position in shares of Costco Wholesale by 3.0% in the 4th quarter. Arrow Financial Corp now owns 10,631 shares of the retailer’s stock worth $3,125,000 after purchasing an additional 305 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its position in shares of Costco Wholesale by 18.2% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 16,458 shares of the retailer’s stock worth $4,837,000 after purchasing an additional 2,538 shares in the last quarter. Alhambra Investment Partners LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $1,039,000. Finally, Solstein Capital LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $327,000. Institutional investors own 70.23% of the company’s stock.

COST has been the subject of a number of research analyst reports. Raymond James raised their target price on Costco Wholesale from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Royal Bank of Canada lifted their price objective on Costco Wholesale from $343.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a report on Monday, March 2nd. Stifel Nicolaus lifted their price objective on Costco Wholesale from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Deutsche Bank lifted their price objective on Costco Wholesale from $289.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $315.42.

Shares of COST stock traded down $7.97 during trading on Friday, hitting $284.33. 4,247,636 shares of the stock traded hands, compared to its average volume of 3,372,640. The firm has a market capitalization of $124.02 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 3.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 0.52. The firm’s fifty day moving average price is $305.48 and its 200-day moving average price is $299.50. Costco Wholesale Co. has a 52-week low of $233.05 and a 52-week high of $325.26.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 5th. The retailer reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.04. The firm had revenue of $39.10 billion for the quarter, compared to analyst estimates of $38.26 billion. Costco Wholesale had a net margin of 2.39% and a return on equity of 23.41%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.01 EPS. As a group, equities research analysts expect that Costco Wholesale Co. will post 8.75 earnings per share for the current year.

In other Costco Wholesale news, Director Susan L. Decker sold 3,850 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $300.41, for a total value of $1,156,578.50. Following the sale, the director now owns 34,582 shares of the company’s stock, valued at $10,388,778.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 1,448 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $306.51, for a total value of $443,826.48. Following the completion of the sale, the chief financial officer now directly owns 23,967 shares in the company, valued at approximately $7,346,125.17. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by 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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