Adage Capital Partners GP L.L.C. reduced its stake in Costco Wholesale Corp. (NASDAQ:COST) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 644,268 shares of the retailer’s stock after selling 12,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.15% of Costco Wholesale Corp. worth $101,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Buckingham Capital Management Inc. boosted its position in shares of Costco Wholesale Corp. by 0.4% in the second quarter. Buckingham Capital Management Inc. now owns 2,337 shares of the retailer’s stock valued at $367,000 after buying an additional 10 shares during the period. CHICAGO TRUST Co NA boosted its position in shares of Costco Wholesale Corp. by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 2,614 shares of the retailer’s stock valued at $410,000 after buying an additional 15 shares during the period. Financial Architects Inc boosted its position in shares of Costco Wholesale Corp. by 0.7% in the second quarter. Financial Architects Inc now owns 2,208 shares of the retailer’s stock valued at $347,000 after buying an additional 15 shares during the period. Buckingham Asset Management LLC boosted its position in shares of Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock valued at $352,000 after buying an additional 19 shares during the period. Finally, SSI Investment Management Inc. boosted its position in shares of Costco Wholesale Corp. by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,677 shares of the retailer’s stock valued at $264,000 after buying an additional 19 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.

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

Costco Wholesale Corp. (NASDAQ:COST) traded up 1.81% during mid-day trading on Friday, reaching $149.36. The company had a trading volume of 3,218,641 shares. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The company has a market capitalization of $65.29 billion, a price-to-earnings ratio of 28.02 and a beta of 0.85. The stock has a 50-day moving average of $149.10 and a 200 day moving average of $155.30.

Costco Wholesale Corp. (NASDAQ:COST) last posted its earnings results on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The company had revenue of $35.73 billion for the quarter. During the same quarter in the prior year, the business earned $1.73 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Corp. will post $5.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 2nd. Costco Wholesale Corp.’s payout ratio is 33.71%.

COST has been the subject of several recent analyst reports. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $171.00 price objective on shares of Costco Wholesale Corp. in a research note on Friday, November 4th. Deutsche Bank AG restated a “buy” rating and issued a $195.00 target price on shares of Costco Wholesale Corp. in a research note on Friday, September 30th. Vetr upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Finally, Jefferies Group restated a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $172.11.

In other Costco Wholesale Corp. news, VP Richard A. Galanti sold 1,930 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $143.53, for a total value of $277,012.90. Following the completion of the sale, the vice president now directly owns 36,650 shares of the company’s stock, valued at $5,260,374.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David S. Petterson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $151.10, for a total value of $453,300.00. Following the completion of the sale, the insider now directly owns 25,626 shares of the company’s stock, valued at $3,872,088.60. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Costco Wholesale Corp. Company Profile

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

5 Day Chart for NASDAQ:COST

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