Nippon Life Global Investors Americas Inc. lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,220 shares of the retailer’s stock after selling 4,880 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Costco Wholesale Corporation were worth $6,242,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in COST. Macquarie Group Ltd. boosted its stake in shares of Costco Wholesale Corporation by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 62,005 shares of the retailer’s stock valued at $9,928,000 after buying an additional 1,065 shares during the last quarter. Charter Trust Co. boosted its stake in shares of Costco Wholesale Corporation by 23.0% in the first quarter. Charter Trust Co. now owns 9,708 shares of the retailer’s stock valued at $1,628,000 after buying an additional 1,813 shares during the last quarter. Nadler Financial Group Inc. purchased a new stake in shares of Costco Wholesale Corporation during the first quarter valued at about $278,000. Creative Planning boosted its stake in shares of Costco Wholesale Corporation by 0.4% in the first quarter. Creative Planning now owns 53,516 shares of the retailer’s stock valued at $8,974,000 after buying an additional 222 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of Costco Wholesale Corporation by 19.5% in the first quarter. Douglass Winthrop Advisors LLC now owns 183,630 shares of the retailer’s stock valued at $30,793,000 after buying an additional 29,997 shares during the last quarter. Hedge funds and other institutional investors own 74.14% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.20% during mid-day trading on Thursday, hitting $156.55. The company had a trading volume of 800,200 shares. The firm’s 50-day moving average price is $155.74 and its 200 day moving average price is $167.69. The company has a market capitalization of $68.66 billion, a P/E ratio of 27.18 and a beta of 0.93. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly 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. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm had revenue of $28.86 billion for the quarter, compared to analysts’ expectations of $28.57 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.28%. Costco Wholesale Corporation’s payout ratio is 34.66%.

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COST has been the topic of several research reports. Jefferies Group LLC restated a “hold” rating and set a $156.00 price objective on shares of Costco Wholesale Corporation in a research note on Thursday, April 20th. Barclays PLC upgraded Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $185.00 in a research note on Thursday, April 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $187.00 target price on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Finally, Vetr lowered Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $179.76 target price for the company. in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus target price of $179.11.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel M. Hines sold 5,000 shares of the business’s 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 in the company, valued at $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 worth $2,677,430 over the last three months. 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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