Sii Investments Inc. WI boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 16.2% during the first quarter, Holdings Channel reports. The institutional investor owned 2,031 shares of the retailer’s stock after buying an additional 283 shares during the period. Sii Investments Inc. WI’s holdings in Costco Wholesale Corporation were worth $343,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. Daiwa SB Investments Ltd. purchased a new stake in Costco Wholesale Corporation during the first quarter worth approximately $631,000. Bank of Montreal Can boosted its stake in shares of Costco Wholesale Corporation by 7.8% in the first quarter. Bank of Montreal Can now owns 899,956 shares of the retailer’s stock valued at $150,914,000 after buying an additional 65,192 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in shares of Costco Wholesale Corporation by 1.8% in the first quarter. Stillwater Investment Management LLC now owns 12,757 shares of the retailer’s stock valued at $2,139,000 after buying an additional 231 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Costco Wholesale Corporation by 0.3% in the first quarter. WCM Investment Management CA now owns 227,814 shares of the retailer’s stock valued at $38,202,000 after buying an additional 646 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Costco Wholesale Corporation by 3.8% in the first quarter. National Pension Service now owns 299,672 shares of the retailer’s stock valued at $50,312,000 after buying an additional 10,929 shares during the last quarter. Institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (COST) traded up 0.176% during mid-day trading on Friday, reaching $156.915. The company’s stock had a trading volume of 857,722 shares. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The company’s 50-day moving average price is $155.55 and its 200 day moving average price is $167.61. The firm has a market capitalization of $68.82 billion, a price-to-earnings ratio of 27.242 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the Thomson Reuters’ 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%. The company’s quarterly 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 earnings per share. On average, equities analysts forecast 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 paid a $0.50 dividend. 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 34.66%.

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Several equities research analysts have weighed in on the company. Wells Fargo & Company reissued 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 research note on Tuesday, June 6th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) cut Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and reduced their price objective for the stock from $197.00 to $176.00 in a research note 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 assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation has an average rating of “Buy” and an average 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 on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 15,000 shares of company stock valued at $2,677,430. Insiders own 0.74% of the company’s stock.

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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