Gofen & Glossberg LLC IL decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,468 shares of the retailer’s stock after selling 1,413 shares during the period. Gofen & Glossberg LLC IL’s holdings in Costco Wholesale were worth $18,900,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cypress Capital Management LLC WY raised its position in Costco Wholesale by 8.0% in the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock worth $638,000 after acquiring an additional 225 shares during the period. McIlrath & Eck LLC raised its position in Costco Wholesale by 16.8% in the second quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock worth $331,000 after acquiring an additional 228 shares during the period. Moloney Securities Asset Management LLC raised its position in Costco Wholesale by 11.5% in the second quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock worth $486,000 after acquiring an additional 240 shares during the period. Rational Advisors LLC raised its position in Costco Wholesale by 6.7% in the second quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock worth $807,000 after acquiring an additional 242 shares during the period. Finally, BKD Wealth Advisors LLC raised its position in Costco Wholesale by 20.8% in the second quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock worth $300,000 after acquiring an additional 247 shares during the period. Institutional investors own 71.49% of the company’s stock.

Several research firms have weighed in on COST. Oppenheimer increased their price target on shares of Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Tuesday, September 11th. Royal Bank of Canada decreased their price target on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, October 5th. Loop Capital increased their price target on shares of Costco Wholesale to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. Finally, Argus reiterated a “buy” rating and issued a $255.00 price target on shares of Costco Wholesale in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $237.94.

In other news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total transaction of $655,950.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP James P. Murphy sold 15,000 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the sale, the vice president now owns 33,834 shares in the company, valued at $7,417,089.48. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $5,351,100 over the last 90 days. Insiders own 0.58% of the company’s stock.

Shares of COST stock opened at $226.95 on Friday. The firm has a market cap of $103.00 billion, a PE ratio of 38.99, a PEG ratio of 2.78 and a beta of 0.95. Costco Wholesale Co. has a one year low of $157.00 and a one year high of $245.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.02. The firm had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.08 EPS. On average, equities analysts forecast that Costco Wholesale Co. will post 6.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were given a dividend of $0.57 per share. The ex-dividend date was Thursday, August 30th. This represents a $2.28 annualized dividend and a dividend yield of 1.00%. Costco Wholesale’s payout ratio is 39.18%.

About Costco Wholesale

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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