Meiji Yasuda Asset Management Co Ltd. reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,278 shares of the retailer’s stock after selling 670 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Costco Wholesale Corporation were worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in COST. Waldron LP acquired a new position in Costco Wholesale Corporation during the first quarter worth $223,000. Daiwa Securities Group Inc. increased its stake in shares of Costco Wholesale Corporation by 7.5% in the first quarter. Daiwa Securities Group Inc. now owns 12,150 shares of the retailer’s stock valued at $2,037,000 after buying an additional 850 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Costco Wholesale Corporation by 26.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,660 shares of the retailer’s stock valued at $781,000 after buying an additional 962 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Costco Wholesale Corporation by 1.6% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 5,102 shares of the retailer’s stock valued at $856,000 after buying an additional 79 shares in the last quarter. Finally, AMG National Trust Bank increased its stake in shares of Costco Wholesale Corporation by 2.7% in the first quarter. AMG National Trust Bank now owns 4,496 shares of the retailer’s stock valued at $754,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 72.49% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 160.77 on Monday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm has a 50-day moving average price of $160.74 and a 200 day moving average price of $164.19. The company has a market cap of $70.29 billion, a PE ratio of 26.44 and a beta of 0.94.

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

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In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.

A number of analysts have recently weighed in on the company. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $185.00 to $160.00 in a research note on Monday, July 10th. Robert W. Baird restated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $173.00 target price on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $178.50.

Costco Wholesale Corporation Company 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.

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

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