Howard Hughes Medical Institute Takes Position in Costco Wholesale Co. (COST)

Howard Hughes Medical Institute purchased a new position in Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the retailer’s stock, valued at approximately $4,107,000. Costco Wholesale accounts for about 1.0% of Howard Hughes Medical Institute’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the period. BlackRock Inc. boosted its position in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares during the period. Capital World Investors boosted its position in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the period. FMR LLC boosted its holdings in shares of Costco Wholesale by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after purchasing an additional 177,200 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares during the period. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on COST shares. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price objective for the company in a report on Thursday, January 4th. Oppenheimer raised their price objective on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale in a research note on Thursday, October 5th. Finally, BMO Capital Markets set a $160.00 target price on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Saturday, October 7th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Costco Wholesale presently has an average rating of “Buy” and an average price target of $188.90.

In related news, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now directly owns 30,853 shares in the company, valued at approximately $5,819,492.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the transaction, the director now owns 3,919 shares in the company, valued at $756,484.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,027 shares of company stock worth $14,914,835. Insiders own 0.58% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $189.38 on Friday. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $195.35. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $83,170.00, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 3.12 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts predict that Costco Wholesale Co. will post 6.59 earnings per share for the current year.

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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.

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

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