KBC Group NV Has $9.93 Million Stake in Costco Wholesale Co. (COST)
KBC Group NV decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,452 shares of the retailer’s stock after selling 1,973 shares during the quarter. KBC Group NV’s holdings in Costco Wholesale were worth $9,932,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of COST. Vanguard Group Inc. raised 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 during the period. BlackRock Inc. raised 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 during the period. Capital World Investors raised 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 during the period. Capital Research Global Investors raised 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 during the period. Finally, Bank of New York Mellon Corp raised 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 during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.
COST has been the topic of several research reports. Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Tuesday, September 19th. Robert W. Baird reissued an “outperform” rating and issued a $200.00 price objective on shares of Costco Wholesale in a research report on Monday, September 25th. Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective on the stock. in a research report on Wednesday, September 27th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a research report on Thursday, October 5th. Finally, Wells Fargo & Co set a $170.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research report on Thursday, October 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Costco Wholesale has an average rating of “Buy” and an average price target of $188.90.
In related news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the completion of the transaction, the vice president now directly owns 41,396 shares in the company, valued at $6,647,369.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $161.97, for a total value of $161,970.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders have sold 87,027 shares of company stock valued at $15,872,935 over the last 90 days. Insiders own 0.58% of the company’s stock.
Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $191.53 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market capitalization of $84,238.07, a PE ratio of 30.45, a PEG ratio of 3.18 and a beta of 0.98. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. sell-side analysts predict that Costco Wholesale Co. will post 6.61 EPS for the current fiscal year.
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About Costco Wholesale
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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