Private Asset Management Inc. cut its position in Costco Wholesale Corp. (NASDAQ:COST) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,074 shares of the retailer’s stock after selling 10 shares during the period. Costco Wholesale Corp. accounts for 1.5% of Private Asset Management Inc.’s investment portfolio, making the stock its 21st largest position. Private Asset Management Inc.’s holdings in Costco Wholesale Corp. were worth $9,162,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in COST. BNP Paribas Arbitrage SA increased its stake in shares of Costco Wholesale Corp. by 300.9% in the third quarter. BNP Paribas Arbitrage SA now owns 232,720 shares of the retailer’s stock valued at $35,492,000 after buying an additional 174,670 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its stake in shares of Costco Wholesale Corp. by 2.5% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 66,545 shares of the retailer’s stock valued at $10,149,000 after buying an additional 1,635 shares during the last quarter. West Oak Capital LLC increased its stake in shares of Costco Wholesale Corp. by 1.2% in the third quarter. West Oak Capital LLC now owns 9,521 shares of the retailer’s stock valued at $1,452,000 after buying an additional 115 shares during the last quarter. Cullinan Associates Inc. increased its stake in shares of Costco Wholesale Corp. by 7.7% in the third quarter. Cullinan Associates Inc. now owns 29,325 shares of the retailer’s stock valued at $4,472,000 after buying an additional 2,095 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Costco Wholesale Corp. by 97.7% in the second quarter. Macquarie Group Ltd. now owns 86,400 shares of the retailer’s stock valued at $13,569,000 after buying an additional 42,700 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.54% on Monday, reaching $151.17. The stock’s 50 day moving average is $149.22 and its 200-day moving average is $155.39. The company has a market capitalization of $66.08 billion, a price-to-earnings ratio of 28.36 and a beta of 0.85. Costco Wholesale Corp. has a 52-week low of $138.57 and a 52-week high of $169.73.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a return on equity of 20.26% and a net margin of 1.98%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 earnings per share. On average, analysts forecast that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. Costco Wholesale Corp.’s payout ratio is 33.71%.

A number of brokerages have weighed in on COST. JPMorgan Chase & Co. restated a “buy” rating and set a $179.00 price objective on shares of Costco Wholesale Corp. in a research note on Friday, August 5th. Vetr upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Zacks Investment Research upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Tuesday, August 30th. Nomura restated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. Finally, Robert W. Baird set a $175.00 price objective on Costco Wholesale Corp. and gave the company a “buy” rating in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Costco Wholesale Corp. 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 the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $151.12, for a total value of $604,480.00. Following the transaction, the vice president now owns 51,045 shares of the company’s stock, valued at approximately $7,713,920.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James D. Sinegal sold 20,114 shares of the stock in a transaction on Friday, October 7th. The shares were sold at an average price of $149.02, for a total value of $2,997,388.28. Following the completion of the transaction, the director now directly owns 768,136 shares in the company, valued at approximately $114,467,626.72. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

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

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