Teacher Retirement System of Texas boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 160,298 shares of the retailer’s stock after purchasing an additional 28,483 shares during the quarter. Teacher Retirement System of Texas’ holdings in Costco Wholesale Corporation were worth $25,636,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its stake in Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after acquiring an additional 1,753,741 shares during the period. Harbour Capital Advisors LLC grew its holdings in Costco Wholesale Corporation by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in Costco Wholesale Corporation by 13.9% during the 1st quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock valued at $732,000,000 after buying an additional 532,896 shares in the last quarter. Janus Capital Management LLC grew its holdings in Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Costco Wholesale Corporation by 26.2% during the 1st quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares in the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.
Shares of Costco Wholesale Corporation (COST) traded down 0.42% on Wednesday, hitting $157.72. 421,825 shares of the stock were exchanged. The company has a 50-day moving average price of $160.27 and a 200 day moving average price of $164.46. The company has a market cap of $68.96 billion, a PE ratio of 25.94 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same period in the prior year, the firm posted $1.77 EPS. Costco Wholesale Corporation’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts forecast that Costco Wholesale Corporation will post $6.42 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Monday, July 31st. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $185.00 to $160.00 in a research report on Monday, July 10th. Robert W. Baird reiterated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $173.00 price objective on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $178.50.
In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares in the company, valued at approximately $1,150,152.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $481,760 in the last 90 days. Company insiders own 0.74% of the company’s stock.
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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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