Cigna Investments Inc. New reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, HoldingsChannel reports. The fund owned 16,194 shares of the retailer’s stock after selling 589 shares during the period. Cigna Investments Inc. New’s holdings in Costco Wholesale were worth $3,013,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Intersect Capital LLC raised its holdings in shares of Costco Wholesale by 143.4% in the second quarter. Intersect Capital LLC now owns 5,382 shares of the retailer’s stock valued at $861,000 after acquiring an additional 3,171 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Costco Wholesale in the second quarter valued at about $1,985,000. State of Wisconsin Investment Board raised its holdings in shares of Costco Wholesale by 3.2% in the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock valued at $84,072,000 after acquiring an additional 16,066 shares in the last quarter. AXA raised its holdings in shares of Costco Wholesale by 1.9% in the third quarter. AXA now owns 704,782 shares of the retailer’s stock valued at $115,788,000 after acquiring an additional 13,404 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Costco Wholesale in the second quarter valued at about $362,000. Hedge funds and other institutional investors own 72.06% of the company’s stock.

Several analysts recently weighed in on COST shares. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a report on Friday, October 20th. BMO Capital Markets upgraded Costco Wholesale from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $192.73 to $215.00 in a report on Monday, December 18th. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective for the company. in a report on Monday, November 6th. Finally, Morgan Stanley set a $175.00 price objective on Costco Wholesale and gave the company a “hold” rating in a report on Friday, December 15th. Nine 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $190.36.

In other news, insider Daniel M. Hines sold 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $188.62, for a total transaction of $943,100.00. Following the sale, the insider now owns 30,853 shares in the company, valued at $5,819,492.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Sinegal sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the sale, the director now owns 746,209 shares in the company, valued at approximately $143,316,900.54. The disclosure for this sale can be found here. Insiders have sold 91,185 shares of company stock worth $17,408,817 in the last 90 days. Insiders own 0.58% of the company’s stock.

Shares of Costco Wholesale Co. (NASDAQ:COST) opened at $187.35 on Thursday. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The firm has a market capitalization of $82,280.00, a PE ratio of 29.79, a PEG ratio of 2.96 and a beta of 0.99. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. research analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. Costco Wholesale’s payout ratio is 31.80%.

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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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