Mutual of America Capital Management LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,093 shares of the retailer’s stock after selling 578 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Costco Wholesale were worth $8,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Janus Henderson Group PLC lifted its stake in shares of Costco Wholesale by 3,005.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after buying an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of Costco Wholesale by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares in the last quarter. Capital World Investors lifted its stake in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

A number of brokerages recently commented on COST. Robert W. Baird restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research note on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale in a research note on Monday, October 9th. Vetr cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a research note on Monday, November 6th. J P Morgan Chase & Co restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research note on Monday, December 4th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, eleven have issued 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 a consensus target price of $179.50.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction 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 approximately $1,150,152.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock worth $5,520,848 in the last three months. Insiders own 0.74% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $188.07 on Monday. 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 firm has a market cap of $82,180.00, a P/E ratio of 32.31, a P/E/G ratio of 3.05 and a beta of 0.98. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $191.22.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. Costco Wholesale’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. analysts forecast that Costco Wholesale Co. will post 6.47 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is 32.89%.

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About Costco Wholesale

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 (NASDAQ:COST)

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