Chevy Chase Trust Holdings Inc. decreased its position in shares of Costco Wholesale Corp. (NASDAQ:COST) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,066 shares of the retailer’s stock after selling 22,426 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.10% of Costco Wholesale Corp. worth $64,369,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. increased its stake in Costco Wholesale Corp. by 0.4% in the second quarter. Buckingham Capital Management Inc. now owns 2,337 shares of the retailer’s stock worth $367,000 after buying an additional 10 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in Costco Wholesale Corp. by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 2,614 shares of the retailer’s stock worth $410,000 after buying an additional 15 shares during the last quarter. Financial Architects Inc increased its stake in Costco Wholesale Corp. by 0.7% in the second quarter. Financial Architects Inc now owns 2,208 shares of the retailer’s stock worth $347,000 after buying an additional 15 shares during the last quarter. Buckingham Asset Management LLC increased its stake in Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock worth $352,000 after buying an additional 19 shares during the last quarter. Finally, SSI Investment Management Inc. increased its stake in Costco Wholesale Corp. by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,677 shares of the retailer’s stock worth $264,000 after buying an additional 19 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.56% during midday trading on Friday, hitting $150.36. 2,020,489 shares of the stock were exchanged. The stock has a market capitalization of $65.73 billion, a price-to-earnings ratio of 28.21 and a beta of 0.85. The firm’s 50 day moving average is $149.26 and its 200-day moving average is $155.31. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73.

Costco Wholesale Corp. (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The business earned $35.73 billion during the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, analysts predict that Costco Wholesale Corp. will post $5.93 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, November 2nd. Costco Wholesale Corp.’s payout ratio is 33.71%.

A number of equities research analysts have weighed in on the company. Nomura set a $185.00 price objective on Costco Wholesale Corp. and gave the company a “buy” rating in a report on Saturday, October 1st. Cowen and Company set a $170.00 target price on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research note on Sunday, October 2nd. BMO Capital Markets set a $180.00 target price on shares of Costco Wholesale Corp. and gave the company a “buy” rating in a research note on Thursday, October 20th. Citigroup Inc. lifted their target price on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, August 16th. Finally, Jefferies Group reiterated a “hold” rating and issued a $135.00 target price on shares of Costco Wholesale Corp. in a research note on Friday, September 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corp. currently has a consensus rating of “Buy” and a consensus price target of $172.11.

In other news, VP Timothy L. Rose sold 4,000 shares of Costco Wholesale Corp. stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total transaction of $604,480.00. Following the completion of the transaction, the vice president now directly owns 51,045 shares in the company, valued at $7,713,920.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David S. Petterson sold 3,000 shares of Costco Wholesale Corp. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $151.10, for a total transaction of $453,300.00. Following the transaction, the insider now owns 25,626 shares of the company’s stock, valued at $3,872,088.60. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

About Costco Wholesale Corp.

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.

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