Lloyds Banking Group plc reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 29.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,071 shares of the retailer’s stock after selling 454 shares during the period. Costco Wholesale Corporation accounts for approximately 1.7% of Lloyds Banking Group plc’s holdings, making the stock its 23rd largest holding. Lloyds Banking Group plc’s holdings in Costco Wholesale Corporation were worth $171,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of COST. Delta Asset Management LLC TN boosted its position in shares of Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale Corporation in the 2nd quarter worth $107,000. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in shares of Costco Wholesale Corporation by 16.7% in the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Finally, Ledyard National Bank boosted its position in shares of Costco Wholesale Corporation by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 72.34% of the company’s stock.
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Costco Wholesale Corporation (COST) opened at 157.22 on Friday. The company has a market cap of $68.74 billion, a PE ratio of 25.86 and a beta of 0.94. The company’s 50-day moving average price is $159.80 and its 200-day moving average price is $164.54. 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 posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. Equities analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current year.
In related news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the sale, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 3,000 shares of company stock valued at $481,760. 0.74% of the stock is owned by insiders.
Several brokerages recently commented on COST. Deutsche Bank AG set a $172.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Monday, July 31st. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale Corporation in a research note on Monday. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $178.50.
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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