Mount Vernon Associates Inc. MD boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 13,545 shares of the retailer’s stock after buying an additional 540 shares during the period. Costco Wholesale Corporation comprises approximately 3.9% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 4th largest position. Mount Vernon Associates Inc. MD’s holdings in Costco Wholesale Corporation were worth $2,166,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in COST. Pioneer Trust Bank N A OR boosted its position in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after buying an additional 7 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its position in Costco Wholesale Corporation by 0.6% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after buying an additional 10 shares in the last quarter. CHICAGO TRUST Co NA boosted its position in Costco Wholesale Corporation by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after buying an additional 12 shares in the last quarter. Bank of The West boosted its position in Costco Wholesale Corporation by 0.4% in the second quarter. Bank of The West now owns 3,401 shares of the retailer’s stock valued at $544,000 after buying an additional 15 shares in the last quarter. Finally, Accredited Investors Inc. boosted its position in Costco Wholesale Corporation by 0.8% in the first quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock valued at $361,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.272% during midday trading on Monday, reaching $156.015. 941,589 shares of the company’s stock were exchanged. The company has a market cap of $68.43 billion, a price-to-earnings ratio of 27.086 and a beta of 0.93. The firm has a 50-day moving average price of $158.30 and a 200 day moving average price of $168.02. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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Several research firms have issued reports on COST. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. Cowen and Company reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a report on Tuesday, June 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) cut Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and dropped their price target for the company from $197.00 to $176.00 in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $179.11.

In related news, insider John D. Mckay sold 3,000 shares of Costco Wholesale Corporation stock in a transaction dated Monday, June 5th. The shares were 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 owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now directly owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock valued at $2,677,430 in the last ninety days. 0.74% of the stock is currently owned by insiders.

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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