Teachers Advisors LLC Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Teachers Advisors LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,136,694 shares of the retailer’s stock after selling 158,954 shares during the period. Teachers Advisors LLC owned approximately 0.26% of Costco Wholesale worth $211,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors grew its position in Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the period. Capital Research Global Investors grew its position in Costco Wholesale by 2.3% during the 2nd 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. Bank of New York Mellon Corp grew its position in Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after purchasing an additional 858,969 shares during the period. Jennison Associates LLC grew its position in Costco Wholesale by 86.3% during the 4th quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock worth $1,230,447,000 after purchasing an additional 3,062,864 shares during the period. Finally, Geode Capital Management LLC grew its position in Costco Wholesale by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,013,862 shares of the retailer’s stock worth $931,370,000 after purchasing an additional 128,366 shares during the period. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Several brokerages have weighed in on COST. Argus increased their price target on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Friday, January 12th. Royal Bank of Canada restated an “outperform” rating and set a $205.00 target price (down from $209.00) on shares of Costco Wholesale in a research report on Thursday, March 8th. Vetr upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $200.28 target price on the stock in a research report on Monday, February 12th. Finally, BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 9th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $192.14.

COST traded down $1.51 during trading on Friday, reaching $193.56. The company’s stock had a trading volume of 2,086,122 shares, compared to its average volume of 2,533,990. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $199.88. The firm has a market capitalization of $86,232.57, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 7th. The retailer reported $1.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion during the quarter, compared to analysts’ expectations of $32.73 billion. During the same period last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Co. will post 6.77 earnings per share for the current fiscal year.

In other news, VP Timothy L. Rose sold 17,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $185.33, for a total transaction of $3,150,610.00. Following the sale, the vice president now owns 34,903 shares of the company’s stock, valued at approximately $6,468,572.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Russell D. Miller sold 12,393 shares of Costco Wholesale stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $194.12, for a total transaction of $2,405,729.16. Following the sale, the insider now directly owns 1 shares in the company, valued at approximately $194.12. The disclosure for this sale can be found here. Insiders sold a total of 62,067 shares of company stock worth $11,690,902 over the last three months. Corporate insiders own 0.74% of the company’s stock.

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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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