Investment firm Jacobs & Co. CA reduced its Costco shares by 1.2%, owning now 25,884 shares valued at $24.5 million.

Investment firm Jacobs & Co. CA reduced its holdings of Costco Wholesale Co. (NASDAQ: COST) by 1.2% in the first quarter, selling 312 shares to own 25,884 shares worth $24.5 million, making Costco its eighth-largest position. Costco's stock has a consensus "Moderate Buy" rating with a target price of $1,028.46. The company reported EPS of $4.02, missing estimates by $0.07, and revenue of $63.72 billion, slightly above expectations.