TIAA CREF Investment Management LLC lessened its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,367,017 shares of the retailer’s stock after selling 250,903 shares during the quarter. TIAA CREF Investment Management LLC owned 0.77% of Costco Wholesale Corporation worth $538,487,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in Costco Wholesale Corporation by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after acquiring an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department boosted its holdings in Costco Wholesale Corporation by 4.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after acquiring an additional 1,529 shares during the last quarter. Cadinha & Co. LLC boosted its holdings in Costco Wholesale Corporation by 7.3% during the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after acquiring an additional 8,518 shares during the last quarter. Stephens Inc. AR boosted its holdings in Costco Wholesale Corporation by 3.1% during the 1st quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Palo Capital Inc. boosted its holdings in Costco Wholesale Corporation by 0.7% during the 2nd quarter. Palo Capital Inc. now owns 7,669 shares of the retailer’s stock worth $1,227,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.76% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “TIAA CREF Investment Management LLC Sells 250,903 Shares of Costco Wholesale Corporation (COST)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/tiaa-cref-investment-management-llc-sells-250903-shares-of-costco-wholesale-corporation-cost/1699357.html.

In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the sale, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the sale, the director now owns 4,109 shares of the company’s stock, valued at $665,658. The disclosure for this sale can be found here. Insiders have sold 19,731 shares of company stock valued at $3,214,389 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation (COST) opened at $171.36 on Monday. Costco Wholesale Corporation has a twelve month low of $145.38 and a twelve month high of $183.18. 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 $74,882.54, a price-to-earnings ratio of 29.44, a PEG ratio of 2.74 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. During the same period last year, the company earned $1.77 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. sell-side analysts anticipate that Costco Wholesale Corporation will post 6.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Costco Wholesale Corporation’s payout ratio is presently 32.89%.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company set a $170.00 price target on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Citigroup Inc. boosted their price target on shares of Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a report on Friday, October 6th. UBS AG reissued a “buy” rating and issued a $190.00 price target on shares of Costco Wholesale Corporation in a report on Friday, October 6th. Oppenheimer Holdings, Inc. set a $185.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Morgan Stanley downgraded shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $190.00 to $165.00 in a report on Friday, October 6th. Twelve investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $178.34.

Costco Wholesale Corporation 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 Corporation (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.