Canada Pension Plan Investment Board Decreases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Canada Pension Plan Investment Board lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 88.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,810 shares of the retailer’s stock after selling 410,475 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Costco Wholesale were worth $8,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in COST. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale during the second quarter valued at approximately $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale during the second quarter valued at approximately $107,000. Mercer Capital Advisers Inc. increased its stake in shares of Costco Wholesale by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Ledyard National Bank increased its stake in shares of Costco Wholesale by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares during the period. Finally, Bruderman Asset Management LLC acquired a new position in shares of Costco Wholesale during the second quarter valued at approximately $139,000. Institutional investors own 70.91% of the company’s stock.

A number of research analysts recently commented on COST shares. TheStreet upgraded shares of Costco Wholesale from a “c” rating to a “b” rating in a research note on Monday, October 9th. Oppenheimer set a $185.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Friday, October 6th. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Wednesday, October 4th. Vetr cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 target price for the company. in a report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, September 19th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Costco Wholesale currently has an average rating of “Buy” and a consensus 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 shares were 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 owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Roland Michael Vachris sold 5,200 shares of Costco Wholesale stock in a transaction 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 sale, the vice president now directly owns 15,694 shares of the company’s stock, valued at approximately $2,950,158.12. The disclosure for this sale can be found here. Insiders have sold a total of 87,027 shares of company stock valued at $15,872,935 in the last three months. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (COST) traded up $2.46 during trading on Friday, reaching $191.84. 3,496,876 shares of the company were exchanged, compared to its average volume of 3,230,000. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $195.35. 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 $84,250.00, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.98.

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

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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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