Costco Wholesale Co. (COST) Stake Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,652 shares of the retailer’s stock after acquiring an additional 2,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Costco Wholesale were worth $12,593,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Almanack Investment Partners LLC. purchased a new stake in Costco Wholesale in the 2nd quarter valued at $101,000. Jacobus Wealth Management Inc. purchased a new stake in Costco Wholesale in the 3rd quarter valued at $103,000. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at $107,000. Shamrock Asset Management LLC raised its position in Costco Wholesale by 171.3% in the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after purchasing an additional 418 shares during the last quarter. Finally, Mercer Capital Advisers Inc. raised its position in Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Several analysts recently commented on COST shares. Citigroup upped their price target on shares of Costco Wholesale from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Morgan Stanley downgraded shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, October 20th. Wells Fargo & Co set a $170.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, BMO Capital Markets upgraded shares of Costco Wholesale from a “market perform” rating to an “outperform” rating and upped their price target for the company from $192.73 to $215.00 in a research report on Monday, December 18th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $188.90.

In related news, Director Richard M. Libenson sold 20,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the sale, the director now directly owns 3,919 shares of the company’s stock, valued at approximately $756,484.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Paul G. Moulton sold 6,985 shares of the 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 completion of the sale, the vice president now directly owns 45,248 shares in the company, valued at $8,503,004.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,027 shares of company stock worth $15,872,935. Corporate insiders own 0.58% of the company’s stock.

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. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $195.35. The firm has a market cap of $84,120.00, a price-to-earnings ratio of 30.45, a PEG ratio of 3.18 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping 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 business had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. research analysts predict that Costco Wholesale Co. will post 6.61 earnings per share for the current 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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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