Northstar Investment Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,093 shares of the retailer’s stock after selling 325 shares during the period. Northstar Investment Advisors LLC’s holdings in Costco Wholesale were worth $553,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in COST. Dimensional Fund Advisors LP grew its holdings in Costco Wholesale by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,369,376 shares of the retailer’s stock worth $278,949,000 after acquiring an additional 25,745 shares during the last quarter. Geode Capital Management LLC grew its holdings in Costco Wholesale by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 6,036,155 shares of the retailer’s stock worth $1,227,757,000 after acquiring an additional 386,144 shares during the last quarter. Kings Point Capital Management bought a new stake in Costco Wholesale in the 4th quarter worth $51,000. Semmax Financial Advisors Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $43,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $1,835,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ COST opened at $281.37 on Friday. Costco Wholesale Co. has a 1 year low of $189.51 and a 1 year high of $284.31. The stock has a market cap of $123.74 billion, a PE ratio of 41.20, a P/E/G ratio of 3.95 and a beta of 0.94. The company’s 50-day simple moving average is $269.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. Costco Wholesale had a net margin of 2.41% and a return on equity of 25.03%. The company had revenue of $34.74 billion during the quarter, compared to analysts’ expectations of $34.72 billion. During the same period last year, the company posted $1.70 EPS. Costco Wholesale’s revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Costco Wholesale Co. will post 8.04 earnings per share for the current year.

Costco Wholesale declared that its Board of Directors has initiated a stock repurchase program on Friday, April 26th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the retailer to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

A number of brokerages have recently weighed in on COST. Loop Capital lifted their target price on shares of Costco Wholesale to $300.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Friday, June 28th. Raymond James cut their target price on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $261.00 to $289.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 target price (up previously from $250.00) on shares of Costco Wholesale in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $262.73.

In related news, Director Susan L. Decker sold 1,646 shares of Costco Wholesale stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $268.25, for a total transaction of $441,539.50. Following the completion of the transaction, the director now directly owns 41,803 shares of the company’s stock, valued at approximately $11,213,654.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James C. Klauer sold 5,000 shares of Costco Wholesale stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $255.53, for a total transaction of $1,277,650.00. Following the transaction, the insider now directly owns 48,310 shares of the company’s stock, valued at $12,344,654.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,136 shares of company stock valued at $7,380,374. 0.21% of the stock is currently owned by corporate insiders.

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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

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

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