George Kaiser Family Foundation bought a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,434 shares of the retailer’s stock, valued at approximately $709,000. Costco Wholesale Corporation comprises 0.3% of George Kaiser Family Foundation’s investment portfolio, making the stock its 15th biggest position.
Several other institutional investors have also recently bought and sold shares of COST. Waldron LP acquired a new position in shares of Costco Wholesale Corporation in the first quarter valued at approximately $223,000. Tocqueville Asset Management L.P. grew its position in shares of Costco Wholesale Corporation by 1.8% in the first quarter. Tocqueville Asset Management L.P. now owns 5,943 shares of the retailer’s stock valued at $997,000 after purchasing an additional 105 shares during the last quarter. Quadrant Capital Management LLC grew its position in shares of Costco Wholesale Corporation by 0.7% in the first quarter. Quadrant Capital Management LLC now owns 15,481 shares of the retailer’s stock valued at $2,596,000 after purchasing an additional 100 shares during the last quarter. Advisor Partners LLC grew its position in shares of Costco Wholesale Corporation by 1.6% in the first quarter. Advisor Partners LLC now owns 10,491 shares of the retailer’s stock valued at $1,759,000 after purchasing an additional 166 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Costco Wholesale Corporation in the first quarter valued at approximately $2,302,000. 72.49% of the stock is currently owned by institutional investors.
Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.42% during mid-day trading on Wednesday, reaching $157.72. The company’s stock had a trading volume of 1,534,185 shares. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The company’s 50-day moving average is $160.27 and its 200 day moving average is $164.46. The firm has a market cap of $68.96 billion, a price-to-earnings ratio of 25.94 and a beta of 0.94.
Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter in the previous year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current year.
COST has been the topic of several research reports. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. BidaskClub cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Finally, Morgan Stanley cut Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Eleven analysts have rated the stock with a hold rating, eighteen have issued 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 price target of $178.50.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,000 shares of company stock worth $481,760 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.
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.
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