Nordea Investment Management AB Has $3.94 Million Position in Costco Wholesale Co. (COST)

Nordea Investment Management AB boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,996 shares of the retailer’s stock after buying an additional 2,212 shares during the period. Nordea Investment Management AB’s holdings in Costco Wholesale were worth $3,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COST. DnB Asset Management AS increased its stake in Costco Wholesale by 3.7% in the second quarter. DnB Asset Management AS now owns 58,153 shares of the retailer’s stock valued at $9,300,000 after purchasing an additional 2,100 shares in the last quarter. Stillwater Investment Management LLC increased its stake in Costco Wholesale by 1.4% in the second quarter. Stillwater Investment Management LLC now owns 12,932 shares of the retailer’s stock valued at $2,068,000 after purchasing an additional 175 shares in the last quarter. Pioneer Trust Bank N A OR increased its stake in Costco Wholesale by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after purchasing an additional 7 shares in the last quarter. Stillwater Capital Advisors LLC bought a new stake in Costco Wholesale in the second quarter valued at approximately $239,000. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in Costco Wholesale by 0.4% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 15,748 shares of the retailer’s stock valued at $2,518,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.91% of the company’s stock.

Several brokerages have commented on COST. Vetr downgraded 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 research note on Wednesday, September 27th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, November 30th. Susquehanna Bancshares upped their target price on shares of Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Barclays reaffirmed a “buy” rating and issued a $208.00 target price on shares of Costco Wholesale in a research note on Tuesday, December 19th. Finally, Zacks Investment Research downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $188.90.

Costco Wholesale Co. (COST) opened at $189.38 on Friday. The firm has a market cap of $83,170.00, a price-to-earnings ratio of 30.11, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. equities analysts forecast that Costco Wholesale Co. will post 6.59 EPS for the current year.

In related news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now owns 52,529 shares of the company’s stock, valued at $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul G. Moulton sold 4,381 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $168.16, for a total transaction of $736,708.96. Following the completion of the transaction, the vice president now directly owns 52,858 shares of the company’s stock, valued at approximately $8,888,601.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,027 shares of company stock valued at $14,914,835. 0.58% of the stock is owned by insiders.

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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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