McGuire Investment Group LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,456 shares of the retailer’s stock after selling 2,136 shares during the period. Costco Wholesale comprises approximately 2.0% of McGuire Investment Group LLC’s investment portfolio, making the stock its 20th largest holding. McGuire Investment Group LLC’s holdings in Costco Wholesale were worth $5,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Marshall & Sullivan Inc. WA increased its position in shares of Costco Wholesale by 17.8% during the second quarter. Marshall & Sullivan Inc. WA now owns 1,070 shares of the retailer’s stock valued at $325,000 after acquiring an additional 162 shares during the last quarter. Raub Brock Capital Management LP purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at $227,000. First United Bank Trust raised its stake in shares of Costco Wholesale by 4.7% during the 2nd quarter. First United Bank Trust now owns 2,439 shares of the retailer’s stock worth $740,000 after purchasing an additional 110 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Costco Wholesale by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the retailer’s stock worth $5,761,000 after purchasing an additional 200 shares during the period. Finally, Dfpg Investments LLC grew its position in Costco Wholesale by 11.8% during the second quarter. Dfpg Investments LLC now owns 2,651 shares of the retailer’s stock valued at $838,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 68.79% of the company’s stock.

A number of research firms have weighed in on COST. Royal Bank of Canada boosted their target price on shares of Costco Wholesale from $332.00 to $348.00 in a research note on Friday, May 29th. Deutsche Bank increased their price objective on Costco Wholesale from $297.00 to $298.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating in a research note on Tuesday, March 17th. Citigroup began coverage on Costco Wholesale in a research report on Tuesday, April 14th. They set a “neutral” rating and a $310.00 price target on the stock. Finally, TheStreet upgraded Costco Wholesale from a “c” rating to a “b-” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $326.70.

Shares of COST traded up $0.16 during trading hours on Tuesday, reaching $323.08. 18,930 shares of the company’s stock traded hands, compared to its average volume of 2,498,999. Costco Wholesale Co. has a 12 month low of $262.71 and a 12 month high of $329.11. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The stock has a market cap of $142.58 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 4.59 and a beta of 0.68. The firm’s 50 day simple moving average is $306.09 and its 200-day simple moving average is $303.95.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 28th. The retailer reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.03). Costco Wholesale had a net margin of 2.31% and a return on equity of 22.60%. The company had revenue of $36.45 billion during the quarter, compared to analysts’ expectations of $36.66 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, analysts expect that Costco Wholesale Co. will post 8.46 earnings per share for the current fiscal year.

In related news, Director Susan L. Decker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $314.83, for a total value of $314,830.00. Following the completion of the sale, the director now owns 32,582 shares in the company, valued at approximately $10,257,791.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy L. Rose sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $308.05, for a total value of $1,848,300.00. Following the completion of the sale, the vice president now directly owns 23,680 shares of the company’s stock, valued at approximately $7,294,624. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,380 shares of company stock worth $9,095,879. Corporate insiders own 0.22% of the company’s stock.

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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