Whittier Trust Co. reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 62.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,979 shares of the retailer’s stock after selling 30,025 shares during the quarter. Whittier Trust Co.’s holdings in Costco Wholesale were worth $2,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 2nd quarter worth about $1,018,000. Argus Investors Counsel Inc. boosted its holdings in shares of Costco Wholesale by 4.5% in the 2nd quarter. Argus Investors Counsel Inc. now owns 24,914 shares of the retailer’s stock worth $5,207,000 after purchasing an additional 1,073 shares in the last quarter. Davis R M Inc. boosted its holdings in shares of Costco Wholesale by 1.3% in the 2nd quarter. Davis R M Inc. now owns 113,931 shares of the retailer’s stock worth $23,809,000 after purchasing an additional 1,452 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Costco Wholesale by 5.9% in the 2nd quarter. Huntington National Bank now owns 198,499 shares of the retailer’s stock worth $41,482,000 after purchasing an additional 10,993 shares in the last quarter. Finally, Chicago Capital LLC boosted its holdings in shares of Costco Wholesale by 197.7% in the 2nd quarter. Chicago Capital LLC now owns 130,418 shares of the retailer’s stock worth $27,255,000 after purchasing an additional 86,610 shares in the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.

COST has been the subject of a number of research reports. Loop Capital initiated coverage on Costco Wholesale in a report on Wednesday, May 16th. They issued a “buy” rating and a $224.00 price objective for the company. Citigroup upped their price objective on Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a report on Friday, June 1st. Argus upped their price objective on Costco Wholesale from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. ValuEngine upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $203.45.

Shares of COST stock opened at $218.69 on Friday. The stock has a market cap of $95.90 billion, a P/E ratio of 37.58, a P/E/G ratio of 2.90 and a beta of 0.95. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $218.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.02. The company had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $31.89 billion. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. Costco Wholesale’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. equities research analysts expect that Costco Wholesale Co. will post 6.77 EPS for the current fiscal year.

In other Costco Wholesale news, insider Daniel M. Hines sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $204.67, for a total transaction of $1,432,690.00. Following the completion of the transaction, the insider now owns 23,853 shares of the company’s stock, valued at approximately $4,881,993.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $196.49, for a total value of $589,470.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,700,424.46. The disclosure for this sale can be found here. Insiders have sold a total of 26,491 shares of company stock valued at $5,400,197 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

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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