Sarasin & Partners LLP trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,280 shares of the retailer’s stock after selling 27,306 shares during the period. Costco Wholesale Corporation comprises approximately 2.8% of Sarasin & Partners LLP’s holdings, making the stock its 8th largest holding. Sarasin & Partners LLP owned about 0.21% of Costco Wholesale Corporation worth $144,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in shares of Costco Wholesale Corporation by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after acquiring an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department increased its holdings in shares of Costco Wholesale Corporation by 4.8% in the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock valued at $5,366,000 after acquiring an additional 1,529 shares during the last quarter. Cadinha & Co. LLC increased its holdings in shares of Costco Wholesale Corporation by 7.3% in the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after acquiring an additional 8,518 shares during the last quarter. Main Street Research LLC increased its holdings in shares of Costco Wholesale Corporation by 4.9% in the 1st quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock valued at $10,850,000 after acquiring an additional 3,023 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Costco Wholesale Corporation by 3.1% in the 1st quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock valued at $7,446,000 after acquiring an additional 1,350 shares during the last quarter. 72.34% of the stock is currently owned by institutional investors.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.22 on Friday. The stock’s 50 day moving average price is $159.80 and its 200 day moving average price is $164.54. The stock has a market capitalization of $68.74 billion, a P/E ratio of 25.86 and a beta of 0.94. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. On average, analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current year.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00. Following the transaction, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.

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A number of equities research analysts have recently weighed in on COST shares. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a report on Monday, August 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $172.00 price target on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and issued a $190.00 price target (up from $187.00) on shares of Costco Wholesale Corporation in a report on Monday. Robert W. Baird set a $200.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 price target (up from $184.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $178.50.

Costco Wholesale Corporation Profile

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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