Aveo Capital Partners LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,280 shares of the retailer’s stock after buying an additional 59 shares during the quarter. Aveo Capital Partners LLC’s holdings in Costco Wholesale Corporation were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Ameriprise Financial Inc. lifted its holdings in Costco Wholesale Corporation by 62.0% during the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after purchasing an additional 1,753,741 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in Costco Wholesale Corporation by 15,937.3% during the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after purchasing an additional 1,439,613 shares during the last quarter. Magellan Asset Management Ltd lifted its holdings in Costco Wholesale Corporation by 13.9% during the first quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock valued at $732,000,000 after purchasing an additional 532,896 shares during the last quarter. Janus Capital Management LLC lifted its holdings in Costco Wholesale Corporation by 8.6% during the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after purchasing an additional 361,581 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Costco Wholesale Corporation by 26.2% during the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after purchasing an additional 331,400 shares during the last quarter. 72.35% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Corporation (NASDAQ:COST) opened at 167.07 on Friday. The stock has a 50 day moving average of $160.00 and a 200 day moving average of $164.90. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The company has a market cap of $73.28 billion, a PE ratio of 29.01 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, analysts anticipate that Costco Wholesale Corporation will post $5.78 earnings per share for the current fiscal year.

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.

Several equities research analysts have commented on the stock. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Wells Fargo & Company set a $170.00 price objective on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a report on Thursday. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a report on Thursday. Finally, Vetr downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price objective on the stock. in a report on Monday, June 19th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $180.18.

Costco Wholesale Corporation 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 Corporation (NASDAQ:COST)

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