Engineers Gate Manager LP boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,571 shares of the retailer’s stock after purchasing an additional 1,910 shares during the period. Costco Wholesale makes up about 0.5% of Engineers Gate Manager LP’s portfolio, making the stock its 11th biggest position. Engineers Gate Manager LP’s holdings in Costco Wholesale were worth $6,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock valued at $168,000 after acquiring an additional 3 shares during the last quarter. SVA Plumb Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after acquiring an additional 7 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Costco Wholesale by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock valued at $223,000 after acquiring an additional 7 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in shares of Costco Wholesale by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Costco Wholesale by 1.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 985 shares of the retailer’s stock valued at $158,000 after acquiring an additional 13 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $192.29 on Friday. The company has a market cap of $84,093.16, a PE ratio of 30.57, a PEG ratio of 3.14 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. sell-side analysts anticipate that Costco Wholesale Co. will post 6.69 EPS for the current fiscal year.

In other news, Director James D. Sinegal sold 30,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total value of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares in the company, valued at $143,316,900.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares of the company’s stock, valued at $101,361.92. The disclosure for this sale can be found here. Insiders sold 112,027 shares of company stock valued at $20,831,835 over the last quarter. Company insiders own 0.74% of the company’s stock.

Several analysts have recently commented on the stock. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Friday, January 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale in a report on Friday, January 12th. Oppenheimer upped their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Finally, Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective on the stock in a report on Thursday, January 4th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and an average target price of $188.90.

TRADEMARK VIOLATION NOTICE: “Costco Wholesale Co. (COST) Shares Bought by Engineers Gate Manager LP” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/20/costco-wholesale-co-cost-shares-bought-by-engineers-gate-manager-lp.html.

About Costco Wholesale

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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.