Fishman Jay A Ltd. MI Has $2.51 Million Holdings in Costco Wholesale Corporation (COST)

Fishman Jay A Ltd. MI raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,702 shares of the retailer’s stock after purchasing an additional 100 shares during the period. Fishman Jay A Ltd. MI’s holdings in Costco Wholesale Corporation were worth $2,511,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in Costco Wholesale Corporation by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after purchasing an additional 129,106 shares during the period. Mechanics Bank Trust Department lifted its holdings in shares of Costco Wholesale Corporation by 4.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after acquiring an additional 1,529 shares during the last quarter. Cadinha & Co. LLC lifted its holdings in shares of Costco Wholesale Corporation by 7.3% during the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after acquiring an additional 8,518 shares during the last quarter. Main Street Research LLC lifted its holdings in shares of Costco Wholesale Corporation by 4.9% during the 1st quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after acquiring an additional 3,023 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Costco Wholesale Corporation by 3.1% during the 1st quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after acquiring an additional 1,350 shares during the last quarter. 72.34% of the stock is owned by hedge funds and other institutional investors.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the firm’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 transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $481,760 in the last three months. Insiders own 0.74% of the company’s stock.

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Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS.

COST has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price objective on shares of Costco Wholesale Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) downgraded shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and dropped their price objective for the stock from $197.00 to $176.00 in a report on Friday, June 16th. Deutsche Bank AG downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $142.11 to $167.11 in a report on Monday, June 19th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Costco Wholesale Corporation presently has an average rating of “Buy” and an average target price of $178.50.

Costco Wholesale Corporation 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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