Brown Advisory Securities LLC lowered its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 11,359 shares of the retailer’s stock after selling 106 shares during the period. Brown Advisory Securities LLC’s holdings in Costco Wholesale Corporation were worth $1,904,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Main Street Research LLC raised its position in shares of Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock valued at $10,850,000 after buying an additional 3,023 shares during the period. Bank of New York Mellon Corp raised its position 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. Swiss National Bank raised its position in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Costco Wholesale Corporation by 3.5% in the first quarter. Gamco Investors INC. ET AL now owns 31,724 shares of the retailer’s stock valued at $5,320,000 after buying an additional 1,060 shares during the period. Finally, Warren Averett Asset Management LLC acquired a new position in shares of Costco Wholesale Corporation during the first quarter valued at about $1,292,000. 74.14% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.425% during trading on Friday, reaching $157.305. 625,101 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $155.55 and its 200-day moving average price is $167.61. The firm has a market cap of $68.99 billion, a price-to-earnings ratio of 27.310 and a beta of 0.93. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.50 per share. 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 dividend payout ratio is presently 34.66%.

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

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following 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. 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 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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