TRUE Private Wealth Advisors reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,446 shares of the retailer’s stock after selling 182 shares during the period. TRUE Private Wealth Advisors’ holdings in Costco Wholesale were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of COST. Thoroughbred Financial Services LLC lifted its stake in shares of Costco Wholesale by 31,276.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 843,708 shares of the retailer’s stock worth $84,371,000 after acquiring an additional 841,019 shares during the period. Ellis Investment Partners LLC lifted its stake in Costco Wholesale by 24,131.7% during the first quarter. Ellis Investment Partners LLC now owns 610,154 shares of the retailer’s stock valued at $610,000 after purchasing an additional 607,636 shares during the last quarter. FMR LLC lifted its stake in Costco Wholesale by 5.0% during the first quarter. FMR LLC now owns 10,924,782 shares of the retailer’s stock valued at $2,645,326,000 after purchasing an additional 518,843 shares during the last quarter. Geode Capital Management LLC lifted its stake in Costco Wholesale by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 6,036,155 shares of the retailer’s stock valued at $1,227,757,000 after purchasing an additional 386,144 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Costco Wholesale by 11.5% during the first quarter. Clearbridge Investments LLC now owns 2,409,355 shares of the retailer’s stock valued at $583,401,000 after purchasing an additional 249,464 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

In other Costco Wholesale news, VP Patrick J. Callans sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $252.15, for a total value of $504,300.00. Following the transaction, the vice president now owns 66,479 shares in the company, valued at approximately $16,762,679.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.39, for a total transaction of $799,170.00. Following the completion of the transaction, the chief financial officer now owns 27,582 shares in the company, valued at approximately $7,347,568.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,136 shares of company stock worth $7,380,374. Company insiders own 0.21% of the company’s stock.

Several research firms recently commented on COST. Citigroup cut their target price on shares of Costco Wholesale from $243.00 to $241.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Barclays set a $275.00 target price on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Monday. Morgan Stanley increased their target price on shares of Costco Wholesale from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, June 3rd. Finally, BMO Capital Markets set a $275.00 target price on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $266.04.

Costco Wholesale stock traded up $2.95 during trading hours on Thursday, hitting $271.10. The company had a trading volume of 54,139 shares, compared to its average volume of 1,786,482. The firm has a market capitalization of $119.32 billion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 0.48, a current ratio of 0.98 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average is $274.09. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $284.31.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.06. The firm had revenue of $34.74 billion for the quarter, compared to analyst estimates of $34.72 billion. Costco Wholesale had a net margin of 2.41% and a return on equity of 25.03%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 EPS. As a group, analysts expect that Costco Wholesale Co. will post 8.04 EPS for the current year.

Costco Wholesale declared that its Board of Directors has approved a stock buyback program on Friday, April 26th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the retailer to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.60 annualized dividend and a yield of 0.96%. Costco Wholesale’s dividend payout ratio is presently 38.07%.

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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