Costco Wholesale Corporation (COST) Shares Bought by Miracle Mile Advisors LLC
Miracle Mile Advisors LLC boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 15.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,384 shares of the retailer’s stock after acquiring an additional 181 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Costco Wholesale Corporation were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Delta Asset Management LLC TN boosted its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the second quarter valued at $107,000. Mercer Capital Advisers Inc. boosted its holdings in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after purchasing an additional 100 shares during the period. Finally, CKW Financial Group raised its position in Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 72.49% of the company’s stock.
Costco Wholesale Corporation (NASDAQ COST) opened at 160.77 on Friday. The firm has a 50 day moving average price of $160.74 and a 200 day moving average price of $164.19. The company has a market cap of $70.29 billion, a PE ratio of 26.44 and a beta of 0.94. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18.
Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.
In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the sale, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 3,000 shares of company stock worth $481,760. Company insiders own 0.74% of the company’s stock.
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COST has been the topic of several research reports. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. Wells Fargo & Co reissued a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Morgan Stanley lowered Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Cowen and Company set a $180.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $178.50.
Costco Wholesale Corporation 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.
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