Costco Wholesale Co. (COST) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 97,818 shares of the retailer’s stock after purchasing an additional 2,901 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Costco Wholesale were worth $16,071,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of COST. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Capital World Investors boosted its stake in shares of Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Institutional investors own 70.91% of the company’s stock.

Costco Wholesale Co. (COST) opened at $186.29 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57. Costco Wholesale Co. has a 52-week low of $150.00 and a 52-week high of $195.35. The stock has a market cap of $81,820.00, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating 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 company had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. equities research analysts anticipate that Costco Wholesale Co. will post 6.59 earnings per share for the current year.

COST has been the topic of several research reports. Citigroup upped their price target on shares of Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a research report on Friday, October 6th. Morgan Stanley downgraded shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $190.00 to $165.00 in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Oppenheimer reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, October 20th. Finally, Wells Fargo & Co set a $170.00 price target on shares of Costco Wholesale and gave the stock a “hold” rating in a research report on Thursday, October 5th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and a consensus price target of $188.90.

In other news, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paul G. Moulton sold 6,985 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $187.92, for a total value of $1,312,621.20. Following the completion of the sale, the vice president now directly owns 45,248 shares of the company’s stock, valued at $8,503,004.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,027 shares of company stock worth $14,914,835. Corporate insiders own 0.58% of the company’s stock.

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

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