Costco Wholesale Co. (COST) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,139 shares of the retailer’s stock after acquiring an additional 2,136 shares during the quarter. Pacer Advisors Inc.’s holdings in Costco Wholesale were worth $3,308,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cadinha & Co. LLC boosted its stake in shares of Costco Wholesale by 7.3% during the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after buying an additional 8,518 shares during the last quarter. Intersect Capital LLC boosted its stake in shares of Costco Wholesale by 143.4% during the 2nd quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after buying an additional 3,171 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at approximately $1,985,000. State of Wisconsin Investment Board boosted its stake in shares of Costco Wholesale by 3.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock valued at $84,072,000 after buying an additional 16,066 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at approximately $362,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.
In related news, VP Paul G. Moulton sold 6,985 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the completion of the transaction, the vice president now owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard A. Galanti sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The disclosure for this sale can be found here. Insiders have sold 77,027 shares of company stock worth $13,971,735 over the last three months. Corporate insiders own 0.58% of the company’s stock.
Several equities analysts recently issued reports on the company. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares raised their price objective on Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, December 15th. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $192.73 to $215.00 in a research note on Monday, December 18th. Vetr upgraded Costco Wholesale from a “sell” rating to a “hold” rating and set a $186.56 price objective on the stock in a research note on Monday, December 18th. Finally, Barclays restated a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Ten research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $188.90.
Costco Wholesale Co. (COST) opened at $188.48 on Tuesday. The company has a market capitalization of $82,780.00, a price-to-earnings ratio of 29.97, a PEG ratio of 3.12 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35.
Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. sell-side analysts predict that Costco Wholesale Co. will post 6.59 EPS for the current fiscal year.
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Costco Wholesale 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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