Pioneer Trust Bank N A OR cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,561 shares of the retailer’s stock after selling 232 shares during the period. Pioneer Trust Bank N A OR’s holdings in Costco Wholesale were worth $450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Country Club Trust Company n.a. boosted its holdings in Costco Wholesale by 4.3% in the third quarter. Country Club Trust Company n.a. now owns 7,056 shares of the retailer’s stock worth $2,017,000 after acquiring an additional 290 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings in shares of Costco Wholesale by 1.4% during the third quarter. Sigma Investment Counselors Inc. now owns 15,964 shares of the retailer’s stock valued at $4,599,000 after purchasing an additional 216 shares in the last quarter. Blue Chip Wealth Management Inc. lifted its holdings in shares of Costco Wholesale by 1.9% during the third quarter. Blue Chip Wealth Management Inc. now owns 3,743 shares of the retailer’s stock valued at $1,078,000 after purchasing an additional 68 shares in the last quarter. Tuttle Tactical Management bought a new position in shares of Costco Wholesale during the third quarter valued at $3,444,000. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of Costco Wholesale by 7.0% during the third quarter. Alpha Cubed Investments LLC now owns 8,130 shares of the retailer’s stock valued at $2,342,000 after purchasing an additional 534 shares in the last quarter. Institutional investors own 71.17% of the company’s stock.

In related news, Director Susan L. Decker sold 1,008 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $302.50, for a total transaction of $304,920.00. Following the completion of the transaction, the director now directly owns 40,462 shares of the company’s stock, valued at $12,239,755. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul G. Moulton sold 5,976 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $298.06, for a total value of $1,781,206.56. Following the transaction, the vice president now directly owns 36,010 shares of the company’s stock, valued at $10,733,140.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,317 shares of company stock valued at $2,185,194. Corporate insiders own 0.21% of the company’s stock.

COST has been the topic of a number of research analyst reports. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their price objective on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Barclays set a $275.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Raymond James upped their price objective on Costco Wholesale from $260.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and a consensus price target of $293.13.

NASDAQ COST opened at $302.86 on Friday. The firm has a market cap of $132.95 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 4.14 and a beta of 0.94. The company has a quick ratio of 0.52, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $293.17 and a 200-day moving average price of $268.08. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.15. The firm had revenue of $47.50 billion during the quarter, compared to analyst estimates of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 earnings per share. Research analysts expect that Costco Wholesale Co. will post 8.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.86%. Costco Wholesale’s dividend payout ratio (DPR) is 31.75%.

Costco Wholesale 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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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