Nomura Holdings Inc. Acquires Shares of 8,854 Costco Wholesale Co. (NASDAQ:COST)

Nomura Holdings Inc. acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,854 shares of the retailer’s stock, valued at approximately $1,835,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. Oregon Public Employees Retirement Fund grew its position in shares of Costco Wholesale by 20,897.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,652,688 shares of the retailer’s stock worth $165,000 after buying an additional 33,492,419 shares during the period. Bank of New York Mellon Corp grew its position in shares of Costco Wholesale by 55,048.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock worth $1,292,998,000 after buying an additional 5,494,946 shares during the period. AQR Capital Management LLC grew its position in shares of Costco Wholesale by 258.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock worth $499,138,000 after buying an additional 1,532,770 shares during the period. Capital World Investors grew its position in shares of Costco Wholesale by 12.0% during the 3rd quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock worth $2,327,223,000 after buying an additional 1,064,167 shares during the period. Finally, BlackRock Inc. grew its position in shares of Costco Wholesale by 2.6% during the 4th quarter. BlackRock Inc. now owns 28,778,155 shares of the retailer’s stock worth $5,862,398,000 after buying an additional 736,711 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.

COST traded up $0.25 during trading on Friday, reaching $245.81. The company had a trading volume of 1,365,116 shares, compared to its average volume of 1,601,557. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.96. Costco Wholesale Co. has a 12 month low of $189.51 and a 12 month high of $247.25. The firm has a market cap of $108.13 billion, a P/E ratio of 35.99, a PEG ratio of 3.47 and a beta of 0.95.

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

In other Costco Wholesale news, VP Richard A. Galanti sold 4,188 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total value of $965,208.36. Following the transaction, the vice president now owns 30,082 shares of the company’s stock, valued at $6,932,998.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 2,049 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $232.00, for a total transaction of $475,368.00. Following the completion of the sale, the director now owns 48,589 shares in the company, valued at $11,272,648. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,587 shares of company stock worth $2,004,576. Insiders own 0.21% of the company’s stock.

Several equities research analysts have recently commented on the stock. Nomura assumed coverage on shares of Costco Wholesale in a research report on Wednesday, March 20th. They set a “neutral” rating and a $230.00 price target for the company. Barclays reiterated a “hold” rating and set a $225.00 price target on shares of Costco Wholesale in a research report on Wednesday, January 9th. JPMorgan Chase & Co. lifted their price target 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 note on Friday, March 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Costco Wholesale from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $248.00.

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About Costco Wholesale

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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