Employees Retirement System of Texas Has $9.37 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Employees Retirement System of Texas decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,000 shares of the retailer’s stock after selling 2,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Costco Wholesale were worth $9,371,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Northern Trust Corp increased its stake in shares of Costco Wholesale by 3.4% in the 4th quarter. Northern Trust Corp now owns 6,230,704 shares of the retailer’s stock valued at $1,269,257,000 after acquiring an additional 202,554 shares in the last quarter. Burney Co. increased its stake in Costco Wholesale by 15.8% during the 4th quarter. Burney Co. now owns 2,243 shares of the retailer’s stock valued at $457,000 after purchasing an additional 306 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Costco Wholesale by 9.1% during the 4th quarter. Venturi Wealth Management LLC now owns 37,863 shares of the retailer’s stock valued at $7,588,000 after purchasing an additional 3,174 shares in the last quarter. Motley Fool Wealth Management LLC boosted its holdings in Costco Wholesale by 0.7% during the 4th quarter. Motley Fool Wealth Management LLC now owns 27,054 shares of the retailer’s stock worth $5,511,000 after acquiring an additional 193 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV boosted its holdings in Costco Wholesale by 11.8% during the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 4,219 shares of the retailer’s stock worth $860,000 after acquiring an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Nomura started coverage on shares of Costco Wholesale in a report on Wednesday, March 20th. They issued a “neutral” rating and a $230.00 price target on the stock. Barclays reaffirmed a “hold” rating and set a $225.00 price objective on shares of Costco Wholesale in a report on Wednesday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale to $248.00 and gave the stock an “overweight” rating in a research report on Friday, March 8th. Deutsche Bank set a $225.00 price objective on shares of Costco Wholesale and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, Royal Bank of Canada upped their price objective on shares of Costco Wholesale from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Seven research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $246.57.

COST traded up $4.38 during trading on Monday, reaching $246.33. The stock had a trading volume of 1,660,826 shares, compared to its average volume of 2,128,326. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market cap of $106.43 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of 3.43 and a beta of 0.95. Costco Wholesale Co. has a one year low of $189.51 and a one year high of $247.09.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.34. Costco Wholesale had a return on equity of 25.53% and a net margin of 2.34%. The firm had revenue of $35.40 billion during the quarter. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, analysts predict that Costco Wholesale Co. will post 7.9 EPS for the current year.

In other Costco Wholesale news, Director Susan L. Decker sold 2,049 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $232.00, for a total value of $475,368.00. Following the transaction, the director now directly owns 48,589 shares of the company’s stock, valued at $11,272,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $230.47, for a total value of $965,208.36. Following the completion of the transaction, the vice president now directly owns 30,082 shares in the company, valued at $6,932,998.54. The disclosure for this sale can be found here. Insiders sold a total of 8,587 shares of company stock valued at $2,004,576 over the last quarter. 0.21% of the stock is owned by corporate insiders.

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Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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