Independent Advisor Alliance trimmed its position in Costco Wholesale Corporation by 2.1% during the third quarter, decreasing its share count by 686 shares to hold 32,229 shares at period end. This position represents approximately 0.8% of the fund’s total portfolio, making Costco its 20th largest holding. The remaining stake was valued at $29.8 million in the latest SEC filing, reflecting the advisor’s modest profit-taking in a stock that has delivered mid-single-digit same-store sales growth over the past twelve months.

Several other institutions also shifted their exposure to Costco during recent quarters. Peterson Wealth Services added 72 shares to reach a 13,616-share position, while Fishman Jay A Ltd. MI increased its stake by 3.5% to 16,888 shares. Silver Oak Securities boosted its holding by nearly 50%, acquiring 1,248 additional shares. Permanent Capital Management initiated a new position worth $874,000, and Wealthspire Advisors grew its stake by 2.0% to 15,799 shares. Overall, hedge funds and institutional investors now control 68.48% of outstanding shares.

In its December quarter, Costco reported revenue of $67.31 billion, an 8.3% year-over-year increase, and delivered earnings per share of $4.34, outperforming consensus estimates by $0.07. The company achieved a return on equity of 29.35% and a net margin of 2.96%. Costco declared a quarterly dividend of $1.30 per share, maintaining a payout ratio of 27.85% and establishing an annualized distribution of $5.20 per share, payable to shareholders of record on January 30.