CIBC World Markets Inc. boosted its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,649 shares of the retailer’s stock after buying an additional 3,110 shares during the period. CIBC World Markets Inc.’s holdings in Costco Wholesale Corp. were worth $10,927,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC raised its position in shares of Costco Wholesale Corp. by 0.6% in the second quarter. Evercore Wealth Management LLC now owns 149,738 shares of the retailer’s stock valued at $23,515,000 after buying an additional 826 shares during the last quarter. Badgley Phelps & Bell Inc. raised its position in shares of Costco Wholesale Corp. by 1.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 88,509 shares of the retailer’s stock valued at $13,900,000 after buying an additional 1,197 shares during the last quarter. Buckingham Asset Management LLC raised its position in shares of Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock valued at $352,000 after buying an additional 19 shares during the last quarter. UMB Bank N A MO raised its position in shares of Costco Wholesale Corp. by 4.5% in the second quarter. UMB Bank N A MO now owns 167,058 shares of the retailer’s stock valued at $26,235,000 after buying an additional 7,234 shares during the last quarter. Finally, Comgest Global Investors S.A.S. raised its position in shares of Costco Wholesale Corp. by 231.7% in the second quarter. Comgest Global Investors S.A.S. now owns 72,983 shares of the retailer’s stock valued at $11,462,000 after buying an additional 50,983 shares during the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.

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

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.46% during midday trading on Wednesday, reaching $150.79. The company’s stock had a trading volume of 850,388 shares. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73. The firm has a market capitalization of $65.91 billion, a PE ratio of 28.29 and a beta of 0.85. The company’s 50-day moving average price is $149.38 and its 200 day moving average price is $155.57.

Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The company 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 business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. On average, equities research analysts forecast that Costco Wholesale Corp. will post $5.93 earnings per share for the current year.

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

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A number of equities research analysts have recently commented on the stock. Nomura set a $185.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Saturday, October 1st. Cowen and Company set a $170.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Sunday, October 2nd. BMO Capital Markets set a $180.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a research note on Thursday, October 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $171.00 price objective on shares of Costco Wholesale Corp. in a research note on Friday, November 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Costco Wholesale Corp. from $177.00 to $178.00 and gave the stock an “outperform” rating in a research note on Friday, September 30th. 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 assigned a strong buy rating to the company’s stock. Costco Wholesale Corp. currently has an average rating of “Buy” and an average price target of $172.11.

In related news, Director James D. Sinegal sold 20,114 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $149.02, for a total transaction of $2,997,388.28. Following the sale, the director now directly owns 768,136 shares in the company, valued at approximately $114,467,626.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Timothy L. Rose sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The shares were sold at an average price of $151.12, for a total value of $604,480.00. Following the sale, the vice president now owns 51,045 shares in the company, valued at $7,713,920.40. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

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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