Hosking Partners LLP grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 535,373 shares of the retailer’s stock after purchasing an additional 2,830 shares during the period. Costco Wholesale makes up about 2.3% of Hosking Partners LLP’s holdings, making the stock its 10th largest position. Hosking Partners LLP’s holdings in Costco Wholesale were worth $87,956,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares in the last quarter. BlackRock Inc. boosted its position in shares of Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Capital World Investors boosted its position in shares of Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Costco Wholesale by 2.3% in the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after buying an additional 207,675 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after buying an additional 858,969 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

Several equities research analysts recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale in a research report on Friday. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, January 5th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective on the stock in a research report on Friday. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a research report on Thursday, January 4th. Finally, Oppenheimer boosted their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $188.90.

In other news, VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the transaction, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul G. Moulton sold 6,985 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $187.92, for a total transaction of $1,312,621.20. Following the transaction, the vice president now directly owns 45,248 shares of the company’s stock, valued at approximately $8,503,004.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,027 shares of company stock valued at $15,872,935. Corporate insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (COST) opened at $191.84 on Friday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $195.35. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The company has a market cap of $83,157.88, a PE ratio of 31.51, a PEG ratio of 3.14 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts forecast that Costco Wholesale Co. will post 6.61 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/hosking-partners-llp-raises-holdings-in-costco-wholesale-co-cost/1805381.html.

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.

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 Co. (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.