Tributary Capital Management LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 78.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the retailer’s stock after selling 11,060 shares during the period. Tributary Capital Management LLC’s holdings in Costco Wholesale were worth $728,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY raised its stake in shares of Costco Wholesale by 8.0% in the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock worth $638,000 after acquiring an additional 225 shares during the last quarter. McIlrath & Eck LLC raised its stake in shares of Costco Wholesale by 16.8% in the second quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock worth $331,000 after acquiring an additional 228 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Costco Wholesale by 11.5% in the second quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock worth $486,000 after acquiring an additional 240 shares during the last quarter. Rational Advisors LLC raised its stake in shares of Costco Wholesale by 6.7% in the second quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock worth $807,000 after acquiring an additional 242 shares during the last quarter. Finally, BKD Wealth Advisors LLC raised its stake in shares of Costco Wholesale by 20.8% in the second quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock worth $300,000 after acquiring an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

In other Costco Wholesale news, VP James P. Murphy sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $219.22, for a total value of $3,288,300.00. Following the completion of the sale, the vice president now owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $218.65, for a total transaction of $655,950.00. The disclosure for this sale can be found here. Insiders sold 30,600 shares of company stock valued at $6,841,908 in the last ninety days. Insiders own 0.74% of the company’s stock.

Shares of NASDAQ:COST opened at $228.58 on Friday. Costco Wholesale Co. has a 52 week low of $157.00 and a 52 week high of $245.16. The company has a quick ratio of 0.46, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $100.20 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 2.91 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 4th. The retailer reported $2.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The firm had revenue of $44.41 billion during the quarter, compared to the consensus estimate of $44.17 billion. During the same quarter in the prior year, the firm earned $2.08 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Costco Wholesale Co. will post 7.7 EPS for the current year.

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

About Costco Wholesale

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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