Van ECK Associates Corp reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,742 shares of the retailer’s stock after selling 10,262 shares during the quarter. Van ECK Associates Corp’s holdings in Costco Wholesale Corporation were worth $2,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN increased its holdings in shares of Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale Corporation in the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation in the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. increased its holdings in shares of Costco Wholesale Corporation by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Finally, Ledyard National Bank increased its holdings in shares of Costco Wholesale Corporation by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares during the period. Institutional investors own 72.76% of the company’s stock.

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 transaction, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the transaction, the director now owns 4,109 shares of the company’s stock, valued at approximately $665,658. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,842 shares of company stock valued at $5,128,658. 0.74% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on COST. Robert W. Baird reiterated a “buy” rating on shares of Costco Wholesale Corporation in a report on Friday. Wells Fargo & Company set a $170.00 price target on Costco Wholesale Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. Deutsche Bank AG set a $155.00 price target on Costco Wholesale Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Citigroup Inc. lifted their price target on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Oppenheimer Holdings, Inc. set a $185.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Costco Wholesale Corporation has an average rating of “Buy” and a consensus price target of $178.34.

Costco Wholesale Corporation (COST) opened at $170.98 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 52 week low of $149.52 and a 52 week high of $183.18. The firm has a market capitalization of $74,716.55, a PE ratio of 29.38, a P/E/G ratio of 2.73 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $41.55 billion. During the same quarter in the previous year, the business earned $1.77 EPS. Costco Wholesale Corporation’s revenue for the quarter was up 15.7% compared to the same quarter last year. research analysts forecast that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

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

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Costco Wholesale Corporation 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.

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

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