BB&T Corp cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,729 shares of the retailer’s stock after selling 2,797 shares during the quarter. BB&T Corp’s holdings in Costco Wholesale were worth $1,598,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its position in shares of Costco Wholesale by 0.3% in the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after buying an additional 3 shares during the period. Pioneer Trust Bank N A OR boosted its position in shares of Costco Wholesale by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after buying an additional 7 shares during the period. SVA Plumb Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after buying an additional 7 shares during the period. Cetera Investment Advisers boosted its position in shares of Costco Wholesale by 0.5% in the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after buying an additional 7 shares during the period. Finally, CHICAGO TRUST Co NA boosted its position in shares of Costco Wholesale by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock worth $402,000 after buying an additional 12 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Co. (COST) opened at $186.53 on Friday. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $191.22. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $82,285.14, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.06 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. equities research analysts anticipate that Costco Wholesale Co. will post 6.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.00 annualized dividend and a yield of 1.07%. Costco Wholesale’s dividend payout ratio (DPR) is currently 32.89%.

COST has been the subject of several recent analyst reports. Vetr raised Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a research report on Monday, August 21st. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Robert W. Baird reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a research report on Friday, August 25th. Cowen reissued an “outperform” rating and set a $182.00 price objective (up previously from $180.00) on shares of Costco Wholesale in a research report on Tuesday, August 29th. Finally, BMO Capital Markets set a $160.00 price objective on Costco Wholesale and gave the company a “hold” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $180.05.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at $1,585,932.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,842 shares of company stock worth $5,520,848. Corporate insiders own 0.74% of the company’s stock.

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Costco Wholesale Company 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.

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

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