Welch Capital Partners LLC NY lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 23,238 shares of the retailer’s stock after selling 1,135 shares during the period. Welch Capital Partners LLC NY’s holdings in Costco Wholesale Corporation were worth $3,897,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of COST. Mercer Capital Advisers Inc. boosted its position in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the last quarter. CKW Financial Group boosted its position in Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in Costco Wholesale Corporation during the first quarter worth about $168,000. Institutional investors own 74.14% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 156.44 on Monday. The stock has a market cap of $68.61 billion, a P/E ratio of 27.16 and a beta of 0.93. The firm’s 50-day moving average price is $158.29 and its 200 day moving average price is $168.02. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

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

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

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A number of equities analysts recently issued reports on the company. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus set a $173.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 price objective for the company in a report on Monday, July 24th. Finally, Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.11.

In other news, VP James P. Murphy sold 5,000 shares of Costco Wholesale Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total transaction of $906,500.00. Following the sale, the vice president now owns 48,845 shares in the company, valued at $8,855,598.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the sale, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock worth $2,677,430 in the last quarter. Insiders own 0.74% of the company’s stock.

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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