Cobblestone Capital Advisors LLC NY lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,956 shares of the retailer’s stock after purchasing an additional 48 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Costco Wholesale Corporation were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Analyst IMS Investment Management Services Ltd. boosted its position in shares of Costco Wholesale Corporation by 12.4% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 8,167 shares of the retailer’s stock worth $1,306,000 after purchasing an additional 900 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Costco Wholesale Corporation by 1,102.4% in the 2nd quarter. Federated Investors Inc. PA now owns 121,499 shares of the retailer’s stock worth $19,431,000 after purchasing an additional 111,394 shares in the last quarter. Apriem Advisors boosted its position in shares of Costco Wholesale Corporation by 22.4% in the 2nd quarter. Apriem Advisors now owns 2,203 shares of the retailer’s stock worth $352,000 after purchasing an additional 403 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Costco Wholesale Corporation by 15.0% in the 2nd quarter. Miracle Mile Advisors LLC now owns 1,384 shares of the retailer’s stock worth $221,000 after purchasing an additional 181 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its position in shares of Costco Wholesale Corporation by 30.4% in the 2nd quarter. Boston Private Wealth LLC now owns 35,595 shares of the retailer’s stock worth $5,693,000 after purchasing an additional 8,306 shares in the last quarter. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

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Costco Wholesale Corporation (NASDAQ:COST) opened at 160.77 on Friday. The company has a market cap of $70.29 billion, a P/E ratio of 26.44 and a beta of 0.94. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm’s 50 day moving average is $160.74 and its 200 day moving average is $164.19.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 earnings per share. Equities research analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the completion of the sale, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 3,000 shares of company stock valued at $481,760 in the last three months. Corporate insiders own 0.74% of the company’s stock.

COST has been the topic of a number of analyst reports. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Raymond James Financial, Inc. raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating and set a $173.00 price objective on the stock in a research report on Monday, June 26th. BMO Capital Markets set a $185.00 price objective on Costco Wholesale Corporation and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Wednesday, June 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Wednesday, June 28th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $178.50.

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.

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

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