Suntrust Banks Inc. Lowers Stake in Costco Wholesale Corporation (COST)

Suntrust Banks Inc. trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,728 shares of the retailer’s stock after selling 11,183 shares during the period. Suntrust Banks Inc.’s holdings in Costco Wholesale Corporation were worth $33,699,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COST. Marietta Wealth Management LLC grew its position in Costco Wholesale Corporation by 24.1% in the 1st quarter. Marietta Wealth Management LLC now owns 7,466 shares of the retailer’s stock valued at $1,252,000 after buying an additional 1,449 shares during the last quarter. South State Corp grew its position in Costco Wholesale Corporation by 1.0% in the 1st quarter. South State Corp now owns 53,496 shares of the retailer’s stock valued at $8,971,000 after buying an additional 525 shares during the last quarter. Tiedemann Wealth Management LLC grew its position in Costco Wholesale Corporation by 81.0% in the 1st quarter. Tiedemann Wealth Management LLC now owns 7,419 shares of the retailer’s stock valued at $1,244,000 after buying an additional 3,320 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Costco Wholesale Corporation by 0.9% in the 1st quarter. Bahl & Gaynor Inc. now owns 4,114 shares of the retailer’s stock valued at $690,000 after buying an additional 36 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Costco Wholesale Corporation by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 283,845 shares of the retailer’s stock valued at $47,598,000 after buying an additional 4,242 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.



In other Costco Wholesale Corporation news, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total value of $380,700.00. Following the completion of the sale, the director now owns 4,109 shares in the company, valued at approximately $665,658. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the sale, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The disclosure for this sale can be found here. Insiders sold a total of 30,842 shares of company stock valued at $5,128,658 in the last 90 days. 0.74% of the stock is owned by company insiders.

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Costco Wholesale Corporation (COST) opened at $173.42 on Wednesday. Costco Wholesale Corporation has a one year low of $150.00 and a one year high of $183.18. The firm has a market cap of $75,284.57, a PE ratio of 29.60, a P/E/G ratio of 2.75 and a beta of 0.93. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. equities analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 32.89%.

A number of equities analysts recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, November 17th. Vetr lowered shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price objective on the stock. in a research report on Monday, November 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, October 20th. TheStreet upgraded shares of Costco Wholesale Corporation from a “c” rating to a “b” rating in a research report on Monday, October 9th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Tuesday, October 10th. Twelve analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average price target of $178.34.

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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