Segall Bryant & Hamill LLC Raises Stake in Costco Wholesale Co. (COST)
Segall Bryant & Hamill LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 46.4% during the 3rd quarter, Holdings Channel reports. The firm owned 83,496 shares of the retailer’s stock after acquiring an additional 26,457 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Costco Wholesale were worth $13,717,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Cadinha & Co. LLC increased its holdings in shares of Costco Wholesale by 7.3% in the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after purchasing an additional 8,518 shares during the last quarter. Intersect Capital LLC grew its position in Costco Wholesale by 143.4% in the second quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock worth $861,000 after acquiring an additional 3,171 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Costco Wholesale in the second quarter worth about $1,985,000. State of Wisconsin Investment Board grew its position in Costco Wholesale by 3.2% in the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock worth $84,072,000 after acquiring an additional 16,066 shares in the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Costco Wholesale in the second quarter worth about $362,000. 70.93% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Co. (NASDAQ COST) opened at $192.29 on Monday. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35. The stock has a market capitalization of $84,435.67, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.
COST has been the subject of several recent research reports. TheStreet upgraded Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Cowen set a $182.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Oppenheimer set a $185.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Friday, October 6th. Robert W. Baird set a $200.00 price target on Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, October 4th. Finally, Vetr lowered Costco Wholesale from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a research report on Wednesday, September 27th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $188.90.
In related news, VP Dennis R. Zook sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares in the company, valued at $101,361.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. Sinegal sold 30,000 shares of the business’s stock in a transaction that occurred on 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 owns 746,209 shares of the company’s stock, valued at approximately $143,316,900.54. The disclosure for this sale can be found here. Insiders have sold 112,027 shares of company stock valued at $20,831,835 in the last 90 days. Company insiders own 0.58% of the company’s stock.
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Costco Wholesale 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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