Harbour Capital Advisors LLC held its stake in Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,033 shares of the retailer’s stock at the end of the first quarter. Harbour Capital Advisors LLC’s holdings in Costco Wholesale Corporation were worth $1,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Main Street Research LLC increased its stake in Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock worth $10,850,000 after buying an additional 3,023 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $1,048,798,000 after buying an additional 79,201 shares during the last quarter. Swiss National Bank increased its stake in Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after buying an additional 331,400 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in 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 worth $5,320,000 after buying an additional 1,060 shares during the last quarter. Finally, Warren Averett Asset Management LLC purchased a new stake in Costco Wholesale Corporation during the first quarter worth $1,292,000. Institutional investors own 74.14% of the company’s stock.

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. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The company has a market cap of $68.71 billion, a P/E ratio of 27.20 and a beta of 0.93. The firm has a 50 day moving average price of $155.46 and a 200-day moving average price of $167.57.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. The firm 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. On average, equities research analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share 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 $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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A number of analysts recently weighed in on COST shares. Vetr upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $168.75 target price for the company in a research report on Tuesday, July 11th. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Cowen and Company set a $180.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Saturday, July 22nd. One 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 assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $179.11.

In other news, insider John D. Mckay sold 3,000 shares of the firm’s 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 completion of the sale, the insider now owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total value of $906,600.00. Following the completion of the sale, the insider now directly owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. Insiders sold a total of 15,000 shares of company stock valued at $2,677,430 in 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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