Costco Wholesale Co. (COST) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 19.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,117 shares of the retailer’s stock after selling 6,376 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Costco Wholesale were worth $4,454,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Westside Investment Management Inc. increased its stake in Costco Wholesale by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after acquiring an additional 3 shares during the period. SVA Plumb Wealth Management LLC increased its stake in Costco Wholesale by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after acquiring an additional 7 shares during the period. Cetera Investment Advisers increased its stake in Costco Wholesale by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares during the period. CHICAGO TRUST Co NA increased its stake in Costco Wholesale by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Costco Wholesale by 1.3% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 985 shares of the retailer’s stock valued at $158,000 after acquiring an additional 13 shares during the period. 70.93% of the stock is owned by institutional investors and hedge funds.

In other news, VP Roland Michael Vachris sold 5,200 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $187.98, for a total transaction of $977,496.00. Following the transaction, the vice president now directly owns 15,694 shares in the company, valued at $2,950,158.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dennis R. Zook sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the transaction, the vice president now owns 626 shares in the company, valued at $101,361.92. The disclosure for this sale can be found here. Insiders have sold 112,027 shares of company stock worth $20,831,835 over the last quarter. 0.58% of the stock is owned by company insiders.

A number of analysts recently weighed in on the stock. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price on the stock in a research note on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and issued a $173.00 target price on shares of Costco Wholesale in a research note on Monday, October 9th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a research note on Monday, December 4th. Bank of America reissued a “buy” rating and issued a $192.00 target price on shares of Costco Wholesale in a research note on Monday, October 9th. Finally, Oppenheimer upped their target price on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $188.90.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $192.29 on Monday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $195.35. The firm has a market cap of $84,435.67, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its 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 net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Costco Wholesale’s quarterly revenue was up 13.2% on a year-over-year basis. sell-side analysts predict that Costco Wholesale Co. will post 6.69 EPS for the current fiscal year.

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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.

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

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