Bristlecone Advisors LLC reduced its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 12.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,346 shares of the retailer’s stock after selling 4,098 shares during the period. Costco Wholesale Corp. accounts for approximately 1.6% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 12th largest position. Bristlecone Advisors LLC’s holdings in Costco Wholesale Corp. were worth $4,323,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Janus Capital Management LLC increased its stake in shares of Costco Wholesale Corp. by 56.8% in the second quarter. Janus Capital Management LLC now owns 4,464,121 shares of the retailer’s stock valued at $701,046,000 after buying an additional 1,616,299 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Costco Wholesale Corp. by 72.5% in the second quarter. 1832 Asset Management L.P. now owns 1,834,509 shares of the retailer’s stock valued at $289,953,000 after buying an additional 771,240 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Costco Wholesale Corp. by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 5,461,235 shares of the retailer’s stock valued at $857,632,000 after buying an additional 743,180 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Costco Wholesale Corp. during the second quarter valued at approximately $114,769,000. Finally, FMR LLC increased its stake in shares of Costco Wholesale Corp. by 5.9% in the second quarter. FMR LLC now owns 12,755,948 shares of the retailer’s stock valued at $2,003,195,000 after buying an additional 707,695 shares in the last quarter. Institutional investors own 71.95% of the company’s stock.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.41% during trading on Monday, hitting $151.25. 1,731,168 shares of the stock traded hands. The stock has a market cap of $66.12 billion, a PE ratio of 28.38 and a beta of 0.85. Costco Wholesale Corp. has a 12 month low of $138.57 and a 12 month high of $169.73. The firm’s 50-day moving average price is $149.35 and its 200-day moving average price is $155.43.

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 Thomson Reuters’ consensus estimate of $1.73 by $0.04. The firm had revenue of $35.73 billion for the quarter. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 earnings per share. Analysts anticipate 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. The ex-dividend date was Wednesday, November 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. Costco Wholesale Corp.’s dividend payout ratio is currently 33.71%.

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A number of equities analysts have issued reports on the company. Argus reiterated a “buy” rating and set a $175.00 price target on shares of Costco Wholesale Corp. in a research note on Tuesday, October 4th. Zacks Investment Research upgraded Costco Wholesale Corp. from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Tuesday, August 30th. Northcoast Research upgraded Costco Wholesale Corp. from a “neutral” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Wednesday, October 19th. Cowen and Company reiterated an “outperform” rating and set a $170.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, November 3rd. Finally, Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $172.11.

In other Costco Wholesale Corp. news, VP Richard A. Galanti sold 3,111 shares of Costco Wholesale Corp. stock in a transaction on Friday, November 11th. The shares were sold at an average price of $148.89, for a total value of $463,196.79. Following the completion of the transaction, the vice president now directly owns 33,539 shares of the company’s stock, valued at approximately $4,993,621.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David S. Petterson sold 3,000 shares of Costco Wholesale Corp. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $151.10, for a total transaction of $453,300.00. Following the completion of the transaction, 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. 0.78% of the stock is currently 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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