Carret Asset Management LLC reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 9.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,577 shares of the retailer’s stock after selling 156 shares during the period. Carret Asset Management LLC’s holdings in Costco Wholesale Corporation were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in COST. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC boosted its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the period. CKW Financial Group boosted its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the period. Barometer Capital Management Inc. bought a new position in shares of Costco Wholesale Corporation during the first quarter worth approximately $168,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Costco Wholesale Corporation during the first quarter worth approximately $201,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Corporation (NASDAQ COST) opened at 150.99 on Friday. The stock has a 50 day moving average price of $164.54 and a 200 day moving average price of $168.41. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The stock has a market cap of $66.22 billion, a PE ratio of 26.21 and a beta of 0.94. Costco Wholesale Corporation also was the recipient of unusually large options trading on Thursday. Traders acquired 6,031 put options on the company. This is an increase of approximately 231% compared to the average daily volume of 1,822 put options.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. On average, analysts predict that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

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A number of brokerages have commented on COST. Bank of America Corporation reaffirmed a “buy” rating and issued a $192.00 price target (up from $180.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Barclays PLC raised Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $170.00 to $185.00 in a research note on Thursday, April 20th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corporation in a research note on Friday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.44.

In other news, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total value of $906,600.00. Following the completion of the sale, the insider now owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John D. Mckay sold 3,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $2,518,180 in the last three months. Insiders own 0.74% of the company’s stock.

About Costco Wholesale Corporation

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)

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