The Costco Wholesale Co. (COST) Shares Sold by Agran Libbie

The Costco Wholesale Co. (COST) Shares Sold by Agran Libbie

Other hedge funds also recently made changes to their positions in the company. Mercer Capital Advisers Inc. boosted its stake in Costco Wholesale by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Costco Wholesale during the first quarter worth $168,000. New Capital Management LP acquired a new stake in Costco Wholesale during the fourth quarter worth $201,000. Aveo Capital Partners LLC acquired a new stake in Costco Wholesale during the fourth quarter worth $207,000. Finally, Mascoma Wealth Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth $209,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Agran Libbie cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,355 shares of the retailer’s stock after selling 445 shares during the period. Costco Wholesale accounts for about 1.5% of Agran Libbie’s portfolio, making the stock its 26th largest position. Agran Libbie’s holdings in Costco Wholesale were worth $6,432,000 as of its most recent SEC filing.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at 180.97 on Monday. The stock has a market cap of $79.39 billion, a price-to-earnings ratio of 31.42 and a beta of 0.89. The firm has a 50-day moving average price of $174.44 and a 200-day moving average price of $166.75. Costco Wholesale Co. has a one year low of $142.11 and a one year high of $183.18.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The firm had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Costco Wholesale’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Costco Wholesale Co. will post $5.76 earnings per share for the current fiscal year.

COST has been the topic of a number of analyst reports. Cowen and Company set a $190.00 price target on Costco Wholesale and gave the company a “buy” rating in a research note on Friday, March 3rd. Credit Suisse Group AG set a $175.00 price target on Costco Wholesale and gave the company a “buy” rating in a research note on Sunday, March 5th. Jefferies Group LLC set a $156.00 price target on Costco Wholesale and gave the company a “hold” rating in a research note on Monday, March 6th. Citigroup Inc raised their price target on Costco Wholesale from $184.00 to $196.00 and gave the company a “buy” rating in a research note on Monday, March 6th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $182.59. In other news, Director James D. Sinegal sold 17,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $164.52, for a total value of $2,796,840.00. Following the completion of the transaction, the director now directly owns 792,594 shares in the company, valued at $130,397,564.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy L. Rose sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $166.95, for a total transaction of $667,800.00. Following the completion of the transaction, the vice president now owns 44,049 shares of the company’s stock, valued at $7,353,980.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,000 shares of company stock valued at $20,099,640. 0.74% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:COST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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