Oppenheimer Asset Management Inc. lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,155 shares of the retailer’s stock after selling 286 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Costco Wholesale were worth $4,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Bank of New York Mellon Corp increased its stake in Costco Wholesale by 55,048.5% in the third quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after acquiring an additional 5,494,946 shares during the last quarter. AQR Capital Management LLC increased its stake in Costco Wholesale by 258.8% in the third quarter. AQR Capital Management LLC now owns 2,125,078 shares of the retailer’s stock valued at $499,138,000 after acquiring an additional 1,532,770 shares during the last quarter. FMR LLC increased its stake in Costco Wholesale by 13.5% in the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after acquiring an additional 1,256,873 shares during the last quarter. Capital World Investors increased its stake in Costco Wholesale by 12.0% in the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock valued at $2,327,223,000 after acquiring an additional 1,064,167 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Costco Wholesale by 3.4% in the third quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock valued at $6,586,376,000 after acquiring an additional 919,651 shares during the last quarter. 70.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:COST opened at $207.75 on Friday. Costco Wholesale Co. has a 12-month low of $175.79 and a 12-month high of $245.16. The stock has a market cap of $92.08 billion, a PE ratio of 30.42, a P/E/G ratio of 2.74 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.01). Costco Wholesale had a net margin of 2.25% and a return on equity of 24.54%. The company had revenue of $34.31 billion for the quarter, compared to the consensus estimate of $34.66 billion. During the same period last year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Costco Wholesale Co. will post 7.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.10%. Costco Wholesale’s dividend payout ratio is currently 33.38%.

A number of research firms recently commented on COST. Zacks Investment Research cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Loop Capital reduced their target price on Costco Wholesale to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 14th. Northcoast Research raised Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Friday, October 12th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Citigroup reduced their target price on Costco Wholesale from $257.00 to $238.00 and set a “neutral” rating on the stock in a research note on Sunday, December 9th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $242.15.

In other news, Director Susan L. Decker sold 739 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total transaction of $151,495.00. Following the completion of the sale, the director now directly owns 52,249 shares in the company, valued at $10,711,045. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $206.15, for a total transaction of $332,107.65. Following the sale, the director now owns 51,389 shares of the company’s stock, valued at $10,593,842.35. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

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Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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