Thompson Rubinstein Investment Management Inc. OR decreased its stake in Costco Wholesale Corp. (NASDAQ:COST) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,215 shares of the retailer’s stock after selling 2,492 shares during the period. Costco Wholesale Corp. makes up 3.3% of Thompson Rubinstein Investment Management Inc. OR’s holdings, making the stock its 9th largest position. Thompson Rubinstein Investment Management Inc. OR’s holdings in Costco Wholesale Corp. were worth $8,573,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. FCM Investments TX acquired a new position in Costco Wholesale Corp. during the second quarter valued at $133,000. Global X Management Co. LLC boosted its position in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares in the last quarter. PineBridge Investments L.P. boosted its position in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC boosted its position in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares in the last quarter. Finally, Suncoast Equity Management acquired a new position in Costco Wholesale Corp. during the second quarter valued at $204,000. Institutional investors own 72.58% of the company’s stock.

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

Costco Wholesale Corp. (NASDAQ:COST) traded up 0.18% during mid-day trading on Friday, hitting $151.88. The company’s stock had a trading volume of 886,780 shares. The firm has a 50 day moving average of $149.35 and a 200-day moving average of $155.43. The firm has a market cap of $66.39 billion, a price-to-earnings ratio of 28.50 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 issued its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The company had revenue of $35.73 billion for the quarter. During the same period in the prior year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Costco Wholesale Corp. will post $5.93 EPS for the current fiscal year.

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

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Several research firms have commented on COST. Citigroup Inc. upped their price target on Costco Wholesale Corp. from $155.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $179.00 price target on shares of Costco Wholesale Corp. in a report on Friday, August 5th. Nomura reaffirmed a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $171.00 price target on shares of Costco Wholesale Corp. in a report on Tuesday, August 2nd. Finally, Cowen and Company upped their price target on Costco Wholesale Corp. from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $172.11.

In other Costco Wholesale Corp. news, Director Richard M. Libenson sold 2,385 shares of the company’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $151.00, for a total transaction of $360,135.00. Following the sale, the director now owns 4,449 shares of the company’s stock, valued at $671,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard A. Galanti sold 1,930 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $143.53, for a total transaction of $277,012.90. Following the sale, the vice president now directly owns 36,650 shares in the company, valued at approximately $5,260,374.50. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate 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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