Costco Wholesale Co. (COST) Shares Bought by Columbia Asset Management

Columbia Asset Management grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,350 shares of the retailer’s stock after buying an additional 675 shares during the quarter. Columbia Asset Management’s holdings in Costco Wholesale were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Capital Planning Advisors LLC grew its stake in shares of Costco Wholesale by 40.7% during the first quarter. Capital Planning Advisors LLC now owns 13,662 shares of the retailer’s stock valued at $2,291,000 after purchasing an additional 3,955 shares during the last quarter. California Capital Advisors Inc. grew its stake in shares of Costco Wholesale by 119.3% during the first quarter. California Capital Advisors Inc. now owns 6,068 shares of the retailer’s stock valued at $1,018,000 after purchasing an additional 3,301 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Costco Wholesale by 1.7% during the first quarter. Segall Bryant & Hamill LLC now owns 56,559 shares of the retailer’s stock valued at $9,484,000 after purchasing an additional 932 shares during the last quarter. Ngam Advisors L.P. grew its stake in shares of Costco Wholesale by 0.8% during the first quarter. Ngam Advisors L.P. now owns 70,233 shares of the retailer’s stock valued at $11,777,000 after purchasing an additional 584 shares during the last quarter. Finally, Cleararc Capital Inc. grew its stake in shares of Costco Wholesale by 0.9% during the first quarter. Cleararc Capital Inc. now owns 10,740 shares of the retailer’s stock valued at $1,801,000 after purchasing an additional 97 shares during the last quarter. 70.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $189.10 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The firm has a market cap of $83,684.80, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 3.19 and a beta of 0.98. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $195.35.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. sell-side analysts anticipate that Costco Wholesale Co. will post 6.56 EPS for the current year.

In other Costco Wholesale news, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total value of $380,700.00. Following the sale, the director now directly owns 4,109 shares in the company, valued at $665,658. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $187.23, for a total transaction of $561,690.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,620,288.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,842 shares of company stock worth $10,744,218. Company insiders own 0.74% of the company’s stock.

Several analysts have recently commented on COST shares. Moffett Nathanson started coverage on shares of Costco Wholesale in a research note on Monday, December 4th. They set a “buy” rating on the stock. < Robert W. Baird reissued a "buy" rating and set a $215.00 price target on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares increased their price target on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a research note on Friday, December 15th. Stifel Nicolaus reissued a "buy" rating and set a $200.00 price target (up from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Finally, Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a research note on Friday, December 1st. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Costco Wholesale presently has a consensus rating of “Buy” and an average price target of $187.83.

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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.

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

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