Gofen & Glossberg LLC IL reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 89,684 shares of the retailer’s stock after selling 587 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Costco Wholesale were worth $14,343,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. boosted its position in shares of Costco Wholesale by 4.1% during the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after purchasing an additional 129,106 shares in the last quarter. Mechanics Bank Trust Department boosted its position in shares of Costco Wholesale by 4.8% during the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock valued at $5,366,000 after purchasing an additional 1,529 shares in the last quarter. Cadinha & Co. LLC boosted its position in shares of Costco Wholesale by 7.3% during the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after purchasing an additional 8,518 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Costco Wholesale by 3.1% during the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock valued at $7,446,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Intersect Capital LLC boosted its position in shares of Costco Wholesale by 143.4% during the second quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after purchasing an additional 3,171 shares in the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now owns 8,654 shares in the company, valued at $1,585,932.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. Insiders sold 32,842 shares of company stock valued at $5,520,848 in the last 90 days. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (NASDAQ COST) opened at $187.22 on Thursday. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $191.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. The stock has a market capitalization of $82,835.75, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. equities research analysts forecast that Costco Wholesale Co. will post 6.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 32.89%.

Several equities research analysts recently weighed in on COST shares. TheStreet upgraded Costco Wholesale from a “c” rating to a “b” rating in a research report on Monday, October 9th. Robert W. Baird restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research report on Friday, August 25th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research report on Tuesday, September 12th. Finally, UBS restated a “buy” rating and set a $190.00 price target on shares of Costco Wholesale in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $179.50.

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Costco Wholesale 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 (NASDAQ:COST)

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