Court Place Advisors LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,875 shares of the retailer’s stock after buying an additional 100 shares during the period. Court Place Advisors LLC’s holdings in Costco Wholesale Corporation were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brightworth raised its position in shares of Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after buying an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR raised its position in shares of 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 worth $266,000 after buying an additional 7 shares during the last quarter. Marshall & Sullivan Inc. WA raised its position in shares of Costco Wholesale Corporation by 0.6% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock worth $272,000 after buying an additional 10 shares during the last quarter. CHICAGO TRUST Co NA raised its position in shares of Costco Wholesale Corporation by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock worth $402,000 after buying an additional 12 shares during the last quarter. Finally, Bank of The West raised its position in shares of Costco Wholesale Corporation by 0.4% in the second quarter. Bank of The West now owns 3,401 shares of the retailer’s stock worth $544,000 after buying an additional 15 shares during the last quarter. 74.14% of the stock is owned by institutional investors.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.13% during trading on Thursday, hitting $156.65. The company had a trading volume of 1,301,844 shares. The firm has a market capitalization of $68.71 billion, a P/E ratio of 27.20 and a beta of 0.93. The stock’s 50-day moving average is $155.74 and its 200 day moving average is $167.69. 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 quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.09. The firm 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%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 earnings per share. Equities research analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

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

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A number of equities analysts recently commented on the company. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Sanford C. Bernstein reissued a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, April 27th. Finally, Barclays PLC reissued an “overweight” rating and set a $190.00 price target (up from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. 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 the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the sale, the insider now owns 62,607 shares in the company, valued at $11,369,431.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s 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 of the company’s stock, valued at approximately $957,512.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,000 shares of company stock valued at $2,677,430. 0.74% of the stock is owned by insiders.

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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