Oregon Public Employees Retirement Fund Has $37.89 Million Stock Holdings in Costco Wholesale Corporation $COST

Oregon Public Employees Retirement Fund raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 38,279 shares of the retailer’s stock after acquiring an additional 58 shares during the period. Costco Wholesale comprises approximately 0.7% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 18th biggest position. Oregon Public Employees Retirement Fund’s holdings in Costco Wholesale were worth $37,894,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Corps Capital Advisors LLC raised its position in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 10 shares during the last quarter. Covestor Ltd increased its position in Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after purchasing an additional 10 shares during the period. Western Pacific Wealth Management LP raised its holdings in Costco Wholesale by 0.5% during the 1st quarter. Western Pacific Wealth Management LP now owns 2,035 shares of the retailer’s stock worth $1,925,000 after purchasing an additional 11 shares during the last quarter. MOKAN Wealth Management Inc. lifted its position in shares of Costco Wholesale by 0.4% in the 1st quarter. MOKAN Wealth Management Inc. now owns 2,638 shares of the retailer’s stock worth $2,499,000 after purchasing an additional 11 shares during the period. Finally, Aspect Partners LLC boosted its stake in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6%

COST stock opened at $935.56 on Tuesday. The stock’s 50 day simple moving average is $951.65 and its 200 day simple moving average is $972.04. The company has a market cap of $414.62 billion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 5.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 earnings per share. On average, research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday, September 24th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, Wolfe Research initiated coverage on Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,066.23.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.