Capital Investment Counsel Inc Sells 763 Shares of Costco Wholesale Corporation (COST)
Capital Investment Counsel Inc cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,232 shares of the retailer’s stock after selling 763 shares during the period. Costco Wholesale Corporation makes up approximately 6.2% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 2nd largest holding. Capital Investment Counsel Inc’s holdings in Costco Wholesale Corporation were worth $13,951,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Costco Wholesale Corporation by 1.3% during the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after purchasing an additional 239,479 shares during the period. FMR LLC grew its stake in shares of Costco Wholesale Corporation by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after purchasing an additional 177,200 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Costco Wholesale Corporation by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after purchasing an additional 79,201 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Costco Wholesale Corporation by 62.0% during the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after purchasing an additional 1,753,741 shares during the period. Finally, Janus Capital Management LLC grew its stake in shares of 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 worth $768,494,000 after purchasing an additional 361,581 shares during the period. 72.49% of the stock is owned by institutional investors and hedge funds.
In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the sale, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 3,000 shares of company stock worth $481,760 in the last ninety days. 0.74% of the stock is currently owned by insiders.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/capital-investment-counsel-inc-sells-763-shares-of-costco-wholesale-corporation-cost/1637834.html.
Costco Wholesale Corporation (NASDAQ:COST) opened at 158.38 on Wednesday. The firm’s 50-day moving average price is $160.27 and its 200-day moving average price is $164.46. 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 $69.24 billion, a P/E ratio of 26.05 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter last year, the firm earned $1.77 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale Corporation will post $6.42 EPS for the current fiscal year.
COST has been the subject of a number of analyst reports. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. BidaskClub cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Finally, Morgan Stanley cut Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average target price of $178.50.
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.
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST).
Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.