Costco Wholesale Co. (COST) Stake Lessened by Trust Co. of Oklahoma
Trust Co. of Oklahoma trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,863 shares of the retailer’s stock after selling 503 shares during the period. Costco Wholesale accounts for about 1.3% of Trust Co. of Oklahoma’s portfolio, making the stock its 20th biggest holding. Trust Co. of Oklahoma’s holdings in Costco Wholesale were worth $2,873,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in COST. Oregon Public Employees Retirement Fund lifted its position in shares of Costco Wholesale by 20,897.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock valued at $165,000 after buying an additional 33,492,419 shares during the last quarter. Norges Bank acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $868,633,000. BlackRock Inc. lifted its position in shares of Costco Wholesale by 2.6% in the fourth quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock valued at $5,862,398,000 after buying an additional 736,711 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in Costco Wholesale by 120.7% during the 4th quarter. Two Sigma Advisers LP now owns 754,195 shares of the retailer’s stock worth $153,637,000 after purchasing an additional 412,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Costco Wholesale by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 6,036,155 shares of the retailer’s stock worth $1,227,757,000 after purchasing an additional 386,144 shares during the last quarter. 72.22% of the stock is owned by institutional investors.
In other Costco Wholesale news, Director Susan L. Decker sold 2,049 shares of Costco Wholesale stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total value of $475,368.00. Following the completion of the transaction, the director now directly owns 48,589 shares of the company’s stock, valued at approximately $11,272,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 2,350 shares of Costco Wholesale stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $240.00, for a total value of $564,000.00. Following the completion of the transaction, the director now directly owns 46,239 shares of the company’s stock, valued at $11,097,360. The disclosure for this sale can be found here. Insiders sold a total of 8,587 shares of company stock valued at $2,004,576 over the last ninety days. Insiders own 0.21% of the company’s stock.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.34. The firm had revenue of $35.40 billion during the quarter. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. During the same period in the prior year, the firm earned $1.59 earnings per share. As a group, equities research analysts forecast that Costco Wholesale Co. will post 7.9 EPS for the current fiscal year.
COST has been the subject of several research reports. Bank of America set a $255.00 price target on Costco Wholesale and gave the stock a “buy” rating in a report on Friday, March 8th. TheStreet cut Costco Wholesale from an “a” rating to a “c” rating in a report on Wednesday, January 16th. Raymond James lifted their price target on Costco Wholesale from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Evercore ISI initiated coverage on Costco Wholesale in a report on Wednesday, March 20th. They set an “outperform” rating and a $260.00 price target for the company. Finally, Morgan Stanley set a $220.00 price target on Costco Wholesale and gave the stock a “hold” rating in a report on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $248.00.
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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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