Brightworth increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the retailer’s stock after buying an additional 4 shares during the period. Brightworth’s holdings in Costco Wholesale Corporation were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in COST. State Street Corp increased its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after buying an additional 239,479 shares during the period. FMR LLC increased its stake in shares of Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after buying an additional 177,200 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the period. Finally, Janus Capital Management LLC increased its stake in shares of Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares during the period. Institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (COST) traded down 0.13% on Thursday, hitting $156.65. 1,301,844 shares of the stock traded hands. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a market cap of $68.71 billion, a price-to-earnings ratio of 27.20 and a beta of 0.93. The stock has a 50-day moving average of $155.74 and a 200-day moving average of $167.69.

Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The business 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 firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. Analysts forecast that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 dividend payout ratio (DPR) is 34.66%.

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

In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the completion of the sale, the director now owns 5,974 shares in the company, valued at approximately $957,512.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John D. Mckay sold 3,000 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the sale, the insider now owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. 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 quarter. 0.74% of the stock is currently owned by corporate 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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