Virginia Retirement Systems ET AL lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,000 shares of the retailer’s stock after selling 800 shares during the period. Virginia Retirement Systems ET AL’s holdings in Costco Wholesale Corporation were worth $22,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after buying an additional 129,106 shares in the last quarter. Mechanics Bank Trust Department increased its holdings in shares of Costco Wholesale Corporation by 4.8% in the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock valued at $5,366,000 after buying an additional 1,529 shares in the last quarter. Cadinha & Co. LLC increased its holdings in shares of Costco Wholesale Corporation by 7.3% in the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock valued at $19,934,000 after buying an additional 8,518 shares in the last quarter. Main Street Research LLC increased its holdings in shares of Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock valued at $10,850,000 after buying an additional 3,023 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Costco Wholesale Corporation by 3.1% in the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock valued at $7,446,000 after buying an additional 1,350 shares in the last quarter. 72.49% of the stock is currently owned by institutional investors.

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In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the sale, the director now owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 in the last ninety days. 0.74% of the stock is currently owned by insiders.

Costco Wholesale Corporation (COST) opened at 160.77 on Friday. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The firm has a market cap of $70.29 billion, a price-to-earnings ratio of 26.44 and a beta of 0.94. The stock’s 50 day moving average is $160.74 and its 200-day moving average is $164.19.

Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. On average, analysts anticipate that Costco Wholesale Corporation will post $6.43 earnings per share for the current fiscal year.

COST has been the topic of several recent analyst reports. Deutsche Bank AG set a $172.00 target price on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets downgraded shares of Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and cut their target price for the company from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird reissued a “buy” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $173.00 target price on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $178.50.

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.

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

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