Costco Wholesale Co. (COST) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,943 shares of the retailer’s stock after selling 1,204 shares during the quarter. Welch & Forbes LLC’s holdings in Costco Wholesale were worth $19,378,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale during the 2nd quarter valued at approximately $101,000. Jacobus Wealth Management Inc. purchased a new position in Costco Wholesale during the 3rd quarter valued at approximately $103,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the 2nd quarter valued at approximately $107,000. Shamrock Asset Management LLC grew its holdings in Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock valued at $109,000 after buying an additional 418 shares in the last quarter. Finally, Mercer Capital Advisers Inc. grew its holdings in Costco Wholesale by 3.5% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $192.29 on Thursday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $195.35. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $84,450.00, a P/E ratio of 30.57, a P/E/G ratio of 3.18 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same period last year, the company earned $1.24 EPS. Costco Wholesale’s quarterly revenue was up 13.2% compared to the same quarter last year. analysts anticipate that Costco Wholesale Co. will post 6.61 earnings per share for the current fiscal year.

COST has been the subject of several research analyst reports. Moffett Nathanson initiated coverage on Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating for the company. < Robert W. Baird restated a "buy" rating and set a $215.00 price target on shares of Costco Wholesale in a report on Friday, December 15th. Susquehanna Bancshares raised their price target on Costco Wholesale from $205.00 to $215.00 and gave the company a "positive" rating in a report on Friday, December 15th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $200.00 price objective (up from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Finally, Vetr lowered Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective for the company. in a research note on Friday, December 1st. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $188.90.

In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale stock in a transaction on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the sale, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul G. Moulton sold 4,381 shares of Costco Wholesale stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.16, for a total value of $736,708.96. Following the sale, the vice president now directly owns 52,858 shares of the company’s stock, valued at $8,888,601.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,027 shares of company stock valued at $15,872,935. 0.74% of the stock is currently owned by corporate insiders.

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Costco Wholesale 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.

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

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