Massmutual Trust Co. FSB ADV raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,765 shares of the retailer’s stock after buying an additional 622 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Costco Wholesale were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of COST. Cypress Capital Management LLC WY lifted its position in shares of Costco Wholesale by 8.0% in the 2nd quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock valued at $638,000 after acquiring an additional 225 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of Costco Wholesale by 16.8% in the 2nd quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock valued at $331,000 after acquiring an additional 228 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Costco Wholesale by 11.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock valued at $486,000 after acquiring an additional 240 shares in the last quarter. Rational Advisors LLC lifted its position in shares of Costco Wholesale by 6.7% in the 2nd quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock valued at $807,000 after acquiring an additional 242 shares in the last quarter. Finally, BKD Wealth Advisors LLC lifted its position in shares of Costco Wholesale by 20.8% in the 2nd quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock valued at $300,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In related news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $235.81, for a total value of $707,430.00. Following the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $2,040,699.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James P. Murphy sold 15,000 shares of the firm’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the completion of the transaction, the vice president now owns 33,834 shares in the company, valued at $7,417,089.48. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $5,351,100 in the last 90 days. 0.58% of the stock is owned by insiders.

Shares of Costco Wholesale stock traded up $5.13 during midday trading on Friday, reaching $226.95. 2,939,146 shares of the company’s stock traded hands, compared to its average volume of 2,232,079. The company has a market capitalization of $103.00 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.78 and a beta of 0.95. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. Costco Wholesale Co. has a 52 week low of $157.00 and a 52 week high of $245.16.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.02. The business had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. Costco Wholesale’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.08 EPS. On average, equities research analysts predict that Costco Wholesale Co. will post 6.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.00%. Costco Wholesale’s dividend payout ratio is currently 39.18%.

COST has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research report on Tuesday, September 11th. Loop Capital set a $265.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Oppenheimer increased their target price on shares of Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $237.94.

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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