Paragon Capital Management LLC decreased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,544 shares of the retailer’s stock after selling 1,919 shares during the period. Costco Wholesale Corporation makes up 4.2% of Paragon Capital Management LLC’s portfolio, making the stock its 5th biggest position. Paragon Capital Management LLC’s holdings in Costco Wholesale Corporation were worth $13,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brightworth grew its stake in shares of Costco Wholesale Corporation by 0.3% in the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after purchasing an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR grew its stake in shares of Costco Wholesale Corporation by 0.4% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after purchasing an additional 7 shares during the last quarter. SVA Plumb Wealth Management LLC grew its stake in shares of Costco Wholesale Corporation by 0.3% in the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after purchasing an additional 7 shares during the last quarter. Marshall & Sullivan Inc. WA grew its stake in shares of Costco Wholesale Corporation by 0.6% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock worth $272,000 after purchasing an additional 10 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of Costco Wholesale Corporation by 0.5% in the 2nd quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock worth $402,000 after purchasing an additional 12 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on COST shares. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a research note on Monday, August 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and issued a $190.00 target price (up from $187.00) on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 target price (up from $184.00) on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale Corporation presently has an average rating of “Buy” and an average target price of $178.34.

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In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,842 shares of company stock worth $5,128,658. Insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at $172.48 on Friday. The firm has a market cap of $75,371.96, a P/E ratio of 29.64, a P/E/G ratio of 2.75 and a beta of 0.93. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 52-week low of $150.00 and a 52-week high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the 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 net margin of 2.08% and a return on equity of 22.21%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 earnings per share. equities analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is presently 32.89%.

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.

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

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