Neville Rodie & Shaw Inc. Boosts Position in Costco Wholesale Corporation (COST)

Neville Rodie & Shaw Inc. increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,516 shares of the retailer’s stock after buying an additional 200 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Costco Wholesale Corporation were worth $6,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Costco Wholesale Corporation by 1.7% in the second quarter. Vanguard Group Inc. now owns 29,810,741 shares of the retailer’s stock worth $4,681,478,000 after buying an additional 494,125 shares in the last quarter. FMR LLC increased its position in Costco Wholesale Corporation by 5.9% in the second quarter. FMR LLC now owns 12,755,948 shares of the retailer’s stock worth $2,003,195,000 after buying an additional 707,695 shares in the last quarter. Capital Research Global Investors increased its position in Costco Wholesale Corporation by 2.4% in the second quarter. Capital Research Global Investors now owns 9,150,052 shares of the retailer’s stock worth $1,436,924,000 after buying an additional 218,052 shares in the last quarter. BlackRock Fund Advisors increased its position in Costco Wholesale Corporation by 0.3% in the second quarter. BlackRock Fund Advisors now owns 5,725,116 shares of the retailer’s stock worth $899,072,000 after buying an additional 19,477 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Costco Wholesale Corporation by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 5,461,235 shares of the retailer’s stock worth $857,632,000 after buying an additional 743,180 shares in the last quarter. 71.50% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.53% during mid-day trading on Wednesday, hitting $160.80. 491,639 shares of the stock were exchanged. Costco Wholesale Corporation has a 52-week low of $138.57 and a 52-week high of $169.59. The firm has a market cap of $70.63 billion, a price-to-earnings ratio of 29.34 and a beta of 0.85. The stock has a 50-day moving average price of $157.33 and a 200 day moving average price of $157.24.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Wednesday, December 7th. The retailer reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. Costco Wholesale Corporation had a net margin of 2.02% and a return on equity of 20.06%. The company had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $28.30 billion. During the same period in the prior year, the business earned $1.09 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that Costco Wholesale Corporation will post $5.89 earnings per share for the current year.

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A number of analysts recently commented on COST shares. Robert W. Baird set a $175.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, September 23rd. RBC Capital Markets upped their price target on shares of Costco Wholesale Corporation from $176.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, December 8th. Telsey Advisory Group upped their price target on shares of Costco Wholesale Corporation from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, January 5th. Wells Fargo & Company restated a “hold” rating and set a $152.50 price target on shares of Costco Wholesale Corporation in a research note on Friday, December 9th. Finally, Cowen and Company restated an “outperform” rating and set a $170.00 price target on shares of Costco Wholesale Corporation in a research note on Monday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation has a consensus rating of “Buy” and an average target price of $172.65.

In other Costco Wholesale Corporation news, Director Richard M. Libenson sold 2,385 shares of the stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total transaction of $360,135.00. Following the completion of the sale, the director now directly owns 4,449 shares of the company’s stock, valued at $671,799. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Richard A. Galanti sold 1,930 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $143.53, for a total transaction of $277,012.90. Following the sale, the vice president now directly owns 36,650 shares of the company’s stock, valued at $5,260,374.50. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation Company 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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