Moloney Securities Asset Management LLC reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 13.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,136 shares of the retailer’s stock after selling 334 shares during the period. Moloney Securities Asset Management LLC’s holdings in Costco Wholesale were worth $398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Janus Henderson Group PLC increased its stake in Costco Wholesale by 3,005.9% during the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after acquiring an additional 4,046,164 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Costco Wholesale by 86.3% during the fourth quarter. Jennison Associates LLC now owns 6,611,043 shares of the retailer’s stock valued at $1,230,447,000 after buying an additional 3,062,864 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Costco Wholesale by 2,114.9% during the fourth quarter. Fisher Asset Management LLC now owns 2,326,481 shares of the retailer’s stock valued at $433,005,000 after buying an additional 2,221,445 shares during the last quarter. Capital World Investors grew its stake in shares of Costco Wholesale by 6.0% during the second 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 during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 2.9% during the second 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 during the last quarter. 72.06% of the stock is currently owned by institutional investors.

Costco Wholesale Co. (NASDAQ:COST) opened at $184.15 on Wednesday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The stock has a market capitalization of $79,504.52, a P/E ratio of 30.13, a P/E/G ratio of 2.96 and a beta of 0.99. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Costco Wholesale’s revenue was up 13.2% compared to the same quarter last year. analysts expect that Costco Wholesale Co. will post 6.71 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.09%. Costco Wholesale’s dividend payout ratio is currently 31.80%.

A number of research analysts have recently commented on the company. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $200.28 target price on the stock. in a research note on Monday, January 22nd. BMO Capital Markets set a $223.00 target price on Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, January 24th. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, December 15th. Susquehanna Bancshares upped their target price on Costco Wholesale from $205.00 to $215.00 and gave the company a “positive” rating in a research note on Friday, December 15th. Finally, Barclays reaffirmed a “buy” rating and set a $208.00 target price on shares of Costco Wholesale in a research note on Tuesday, December 19th. Nine investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and an average target price of $190.36.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at $1,673,770.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,185 shares of company stock valued at $17,408,817. 0.58% of the stock is owned by company insiders.

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Costco Wholesale 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 (NASDAQ:COST)

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