The Bedrijfstakpensioenfonds Voor DE Media PNO Has $1,144,000 Stake in Costco Wholesale Corp. (COST)

The Bedrijfstakpensioenfonds Voor DE Media PNO Has $1,144,000 Stake in Costco Wholesale Corp. (COST)

Bedrijfstakpensioenfonds Voor DE Media PNO held its position in shares of Costco Wholesale Corp. (NASDAQ:COST) during the third quarter, Holdings Channel reports. The institutional investor owned 7,500 shares of the retailer’s stock at the end of the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Costco Wholesale Corp. were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Chesley Taft & Associates LLC boosted its stake in Costco Wholesale Corp. by 2.6% in the third quarter. Chesley Taft & Associates LLC now owns 88,686 shares of the retailer’s stock valued at $13,526,000 after buying an additional 2,214 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in Costco Wholesale Corp. by 0.6% in the second quarter. Evercore Wealth Management LLC now owns 149,738 shares of the retailer’s stock valued at $23,515,000 after buying an additional 826 shares in the last quarter. Badgley Phelps & Bell Inc. boosted its stake in Costco Wholesale Corp. by 1.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 88,509 shares of the retailer’s stock valued at $13,900,000 after buying an additional 1,197 shares in the last quarter. Buckingham Asset Management LLC boosted its stake in Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock valued at $352,000 after buying an additional 19 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Costco Wholesale Corp. by 0.5% in the third quarter. Gulf International Bank UK Ltd now owns 132,881 shares of the retailer’s stock valued at $20,265,000 after buying an additional 700 shares in the last quarter. 71.51% of the stock is currently owned by institutional investors.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.35% during trading on Thursday, reaching $163.70. 1,980,659 shares of the company’s stock traded hands. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.59. The company’s 50-day moving average is $159.62 and its 200 day moving average is $157.55. The company has a market cap of $71.90 billion, a price-to-earnings ratio of 29.87 and a beta of 0.85.

Costco Wholesale Corp. (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, December 7th. The retailer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.19 by $0.05. The company earned $28.10 billion during the quarter, compared to analysts’ expectations of $28.30 billion. Costco Wholesale Corp. had a net margin of 2.02% and a return on equity of 20.06%. Costco Wholesale Corp.’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Equities analysts forecast that Costco Wholesale Corp. will post $5.89 EPS for the current year.

COST has been the topic of several research reports. Robert W. Baird set a $175.00 price objective on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Monday, October 3rd. Nomura set a $185.00 price objective on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Saturday, October 1st. BMO Capital Markets set a $180.00 price objective on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research report on Friday, September 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Costco Wholesale Corp. in a research report on Friday, September 30th. Finally, Credit Suisse Group AG set a $165.00 price target on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a research report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $173.25.

In related news, Director Richard M. Libenson sold 2,385 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total transaction of $360,135.00. Following the completion of the transaction, the director now owns 4,449 shares of the company’s stock, valued at $671,799. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard A. Galanti sold 1,930 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $143.53, for a total transaction of $277,012.90. Following the transaction, the vice president now directly owns 36,650 shares of the company’s stock, valued at approximately $5,260,374.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,770 shares of company stock valued at $8,352,919. 0.74% of the stock is owned by corporate insiders.

About Costco Wholesale Corp.

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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