Autus Asset Management LLC cut its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,663 shares of the retailer’s stock after selling 935 shares during the period. Costco Wholesale Corporation comprises 1.9% of Autus Asset Management LLC’s holdings, making the stock its 12th largest position. Autus Asset Management LLC’s holdings in Costco Wholesale Corporation were worth $8,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Elkfork Partners LLC acquired a new stake in Costco Wholesale Corporation during the fourth quarter valued at about $950,000. Aviva PLC raised its stake in Costco Wholesale Corporation by 5.7% in the fourth quarter. Aviva PLC now owns 319,050 shares of the retailer’s stock valued at $51,083,000 after buying an additional 17,313 shares during the last quarter. Marshall & Sullivan Inc. WA raised its stake in Costco Wholesale Corporation by 0.9% in the fourth quarter. Marshall & Sullivan Inc. WA now owns 1,580 shares of the retailer’s stock worth $253,000 after buying an additional 14 shares during the last quarter. Adviser Investments LLC purchased a new stake in Costco Wholesale Corporation during the fourth quarter worth $420,000. Finally, Asset Management One Co. Ltd. raised its stake in Costco Wholesale Corporation by 1,607.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 769,613 shares of the retailer’s stock worth $123,279,000 after buying an additional 724,536 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Shares of Costco Wholesale Corporation (COST) traded up 0.08% during midday trading on Monday, reaching $153.13. The company had a trading volume of 989,078 shares. The stock has a 50-day moving average of $172.28 and a 200 day moving average of $169.16. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a market capitalization of $67.16 billion, a price-to-earnings ratio of 26.59 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. The firm had revenue of $28.86 billion for the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. On average, analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.

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COST has been the topic of several recent research reports. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. Cowen and Company reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a report on Tuesday, June 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) cut shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and reduced their target price for the company from $197.00 to $176.00 in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $179.44.

In other Costco Wholesale Corporation news, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the completion of the sale, the insider now owns 28,786 shares in the company, valued at $5,219,477.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the sale, the director now directly owns 5,974 shares in the company, valued at $957,512.72. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $2,518,180 in the last quarter. 0.74% of the stock is owned by company insiders.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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