Merriman Wealth Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,509 shares of the retailer’s stock after selling 75 shares during the period. Merriman Wealth Management LLC’s holdings in Costco Wholesale were worth $1,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COST. Ironwood Wealth Management LLC. increased its holdings in Costco Wholesale by 15.2% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 455 shares of the retailer’s stock worth $120,000 after purchasing an additional 60 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in Costco Wholesale by 517.3% during the 2nd quarter. Keudell Morrison Wealth Management now owns 12,248 shares of the retailer’s stock worth $3,237,000 after purchasing an additional 10,264 shares during the last quarter. Marshall Wace LLP increased its holdings in Costco Wholesale by 16.9% during the 2nd quarter. Marshall Wace LLP now owns 20,948 shares of the retailer’s stock worth $5,536,000 after purchasing an additional 3,021 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Costco Wholesale by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 24,293 shares of the retailer’s stock worth $6,420,000 after purchasing an additional 77 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Costco Wholesale by 340.3% during the 2nd quarter. Centaurus Financial Inc. now owns 1,431 shares of the retailer’s stock worth $378,000 after purchasing an additional 1,106 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Susan L. Decker sold 3,850 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $300.41, for a total value of $1,156,578.50. Following the sale, the director now owns 34,582 shares of the company’s stock, valued at approximately $10,388,778.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph P. Portera sold 14,095 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $299.52, for a total value of $4,221,734.40. Following the completion of the sale, the vice president now directly owns 6,211 shares in the company, valued at approximately $1,860,318.72. The disclosure for this sale can be found here. Insiders have sold a total of 30,313 shares of company stock valued at $9,099,357 in the last quarter. 0.22% of the stock is currently owned by insiders.

NASDAQ:COST traded down $0.05 during midday trading on Thursday, reaching $311.84. 311,450 shares of the company traded hands, compared to its average volume of 1,720,886. Costco Wholesale Co. has a twelve month low of $205.75 and a twelve month high of $313.56. The firm has a market capitalization of $138.39 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 4.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.49. The company has a fifty day moving average price of $296.39 and a 200 day moving average price of $290.86.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 12th. The retailer reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.02. Costco Wholesale had a return on equity of 24.22% and a net margin of 2.42%. The business had revenue of $37.04 billion during the quarter, compared to analyst estimates of $37.40 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Costco Wholesale Co. will post 8.61 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Costco Wholesale from $265.00 to $290.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Raymond James lifted their price objective on Costco Wholesale from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Guggenheim restated a “hold” rating on shares of Costco Wholesale in a report on Thursday, October 10th. BMO Capital Markets restated a “buy” rating and set a $320.00 price objective on shares of Costco Wholesale in a report on Friday, December 13th. Finally, Edward Jones lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and a consensus target price of $302.05.

Costco Wholesale 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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