Somerset Group LLC held its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,871 shares of the retailer’s stock at the end of the first quarter. Somerset Group LLC’s holdings in Costco Wholesale Corporation were worth $481,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COST. Mercer Capital Advisers Inc. increased its stake in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares in the last quarter. CKW Financial Group increased its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after buying an additional 200 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Costco Wholesale Corporation during the first quarter valued at approximately $168,000. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in shares of Costco Wholesale Corporation during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at 152.84 on Tuesday. The stock has a market capitalization of $67.03 billion, a price-to-earnings ratio of 26.53 and a beta of 0.94. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The stock’s 50 day moving average is $172.28 and its 200-day moving average is $169.16.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. Equities research analysts anticipate that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

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Several analysts have recently commented on the company. Bank of America Corporation restated a “buy” rating and issued a $192.00 target price (up from $180.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Barclays PLC upgraded Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $170.00 to $185.00 in a research note on Thursday, April 20th. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research note on Friday, April 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and a consensus price target of $179.44.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the sale, the director now directly owns 5,974 shares of the company’s stock, valued at $957,512.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John D. Mckay sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now directly owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,000 shares of company stock valued at $2,518,180. Corporate insiders own 0.74% of the company’s stock.

About Costco Wholesale Corporation

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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