Chemical Bank reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 29.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,301 shares of the retailer’s stock after selling 3,929 shares during the quarter. Chemical Bank’s holdings in Costco Wholesale Corporation were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delta Asset Management LLC TN raised its position in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after purchasing an additional 65 shares during the period. Almanack Investment Partners LLC. purchased a new position in Costco Wholesale Corporation in the second quarter valued at about $101,000. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale Corporation in the second quarter valued at about $107,000. Mercer Capital Advisers Inc. raised its position in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after purchasing an additional 23 shares during the period. Finally, Ledyard National Bank raised its position in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after purchasing an additional 130 shares during the period. 72.76% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Corporation (NASDAQ COST) opened at $171.36 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a twelve month low of $145.38 and a twelve month high of $183.18. The stock has a market cap of $74,882.54, a PE ratio of 29.44, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter last year, the company posted $1.77 earnings per share. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. equities analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

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In other news, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the sale, the director now owns 4,109 shares of the company’s stock, valued at $665,658. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now directly owns 41,396 shares in the company, valued at approximately $6,647,369.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,731 shares of company stock worth $3,214,389. Corporate insiders own 0.74% of the company’s stock.

Several research analysts have commented on COST shares. TheStreet raised Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday, October 9th. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus set a $173.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. Finally, Cowen and Company set a $180.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus target price of $178.34.

Costco Wholesale Corporation Company 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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