Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,997 shares of the retailer’s stock after selling 2,821 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Costco Wholesale were worth $17,681,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Costco Wholesale by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares in the last quarter. BlackRock Inc. increased its holdings in Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after buying an additional 703,825 shares in the last quarter. Capital World Investors increased its holdings in Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares in the last quarter. Capital Research Global Investors increased its holdings in Costco Wholesale by 2.3% in the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after buying an additional 207,675 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Costco Wholesale by 14.4% in the third quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after buying an additional 858,969 shares in the last quarter. 71.88% of the stock is owned by institutional investors.

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Shares of Costco Wholesale Co. (COST) traded down $2.40 on Wednesday, hitting $189.07. 426,608 shares of the company’s stock were exchanged, compared to its average volume of 2,452,211. The firm has a market cap of $82,860.00, a price-to-earnings ratio of 30.06, a PEG ratio of 3.13 and a beta of 0.97. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. Costco Wholesale’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $1.24 EPS. equities research analysts anticipate that Costco Wholesale Co. will post 6.71 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.80%.

A number of brokerages have issued reports on COST. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday, November 30th. Susquehanna Bancshares raised their price objective on shares of Costco Wholesale from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Friday, December 15th. Barclays reissued a “buy” rating and set a $208.00 price objective on shares of Costco Wholesale in a research note on Tuesday, December 19th. Argus raised their price objective on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $200.00 price objective (up from $185.00) on shares of Costco Wholesale in a research note on Friday, December 15th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $190.18.

In related news, Director James D. Sinegal sold 30,000 shares of Costco Wholesale stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $192.06, for a total transaction of $5,761,800.00. Following the transaction, the director now owns 746,209 shares in the company, valued at approximately $143,316,900.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Libenson sold 20,000 shares of Costco Wholesale stock in a transaction on Monday, December 18th. The shares were sold at an average price of $193.03, for a total transaction of $3,860,600.00. Following the transaction, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,185 shares of company stock worth $17,432,967. 0.58% of the stock is owned by company insiders.

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Costco Wholesale 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 (NASDAQ:COST)

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