British Columbia Investment Management Corp reduced its stake in Costco Wholesale Corp. (NASDAQ:COST) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,071 shares of the retailer’s stock after selling 33,383 shares during the period. British Columbia Investment Management Corp’s holdings in Costco Wholesale Corp. were worth $27,463,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Washington Trust Bank increased its stake in Costco Wholesale Corp. by 2.5% in the second quarter. Washington Trust Bank now owns 19,857 shares of the retailer’s stock valued at $3,118,000 after buying an additional 488 shares in the last quarter. NEXT Financial Group Inc increased its stake in Costco Wholesale Corp. by 3.1% in the second quarter. NEXT Financial Group Inc now owns 7,829 shares of the retailer’s stock valued at $1,229,000 after buying an additional 237 shares in the last quarter. West Oak Capital LLC increased its stake in Costco Wholesale Corp. by 4.0% in the second quarter. West Oak Capital LLC now owns 9,406 shares of the retailer’s stock valued at $1,477,000 after buying an additional 366 shares in the last quarter. Patten & Patten Inc. TN increased its stake in Costco Wholesale Corp. by 3.9% in the second quarter. Patten & Patten Inc. TN now owns 55,092 shares of the retailer’s stock valued at $8,652,000 after buying an additional 2,045 shares in the last quarter. Finally, Baxter Bros Inc. acquired a new stake in Costco Wholesale Corp. during the second quarter valued at approximately $464,000. 71.95% of the stock is owned by institutional investors.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.04% on Monday, reaching $151.94. The company’s stock had a trading volume of 667,188 shares. The company’s 50-day moving average is $149.35 and its 200 day moving average is $155.43. The company has a market capitalization of $66.42 billion, a price-to-earnings ratio of 28.51 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.

Costco Wholesale Corp. (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.04. The business earned $35.73 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Equities analysts anticipate that Costco Wholesale Corp. will post $5.93 earnings per share for the current fiscal year.

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

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A number of analysts have recently weighed in on COST shares. Piper Jaffray Cos. restated an “overweight” rating and issued a $171.00 price objective on shares of Costco Wholesale Corp. in a research note on Tuesday, August 2nd. Cowen and Company boosted their price objective on shares of Costco Wholesale Corp. from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. restated a “buy” rating and issued a $179.00 price objective on shares of Costco Wholesale Corp. in a research note on Friday, August 5th. Citigroup Inc. boosted their price objective on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 16th. Finally, Nomura restated a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $172.11.

In other news, VP Richard A. Galanti sold 3,111 shares of the business’s stock in a transaction on Friday, November 11th. The stock was 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 owns 33,539 shares in the company, valued at $4,993,621.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard A. Galanti sold 1,930 shares of the business’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 transaction, the vice president now owns 36,650 shares of the company’s stock, valued at approximately $5,260,374.50. The disclosure for this sale can be found here. 0.78% of the stock is owned by 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.

5 Day Chart for NASDAQ:COST

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