Forsta AP Fonden increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,254 shares of the retailer’s stock after buying an additional 3,500 shares during the period. Forsta AP Fonden’s holdings in Costco Wholesale Corporation were worth $5,318,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in 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 in the last quarter. Vista Capital Partners Inc. increased its position in Costco Wholesale Corporation by 22.0% in the first quarter. Vista Capital Partners Inc. now owns 2,444 shares of the retailer’s stock valued at $410,000 after buying an additional 440 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in Costco Wholesale Corporation by 7.2% in the first quarter. Stock Yards Bank & Trust Co. now owns 10,470 shares of the retailer’s stock valued at $1,756,000 after buying an additional 700 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Costco Wholesale Corporation by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 136,011 shares of the retailer’s stock valued at $22,807,000 after buying an additional 2,850 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Costco Wholesale Corporation during the first quarter valued at $220,000. 74.14% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.01% during midday trading on Friday, reaching $156.65. The company’s stock had a trading volume of 1,886,996 shares. The stock’s 50-day moving average price is $155.46 and its 200 day moving average price is $167.57. The firm has a market capitalization of $68.71 billion, a PE ratio of 27.20 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share (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 analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. Equities analysts anticipate that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.50 per share. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.

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

In other news, VP James P. Murphy sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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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