Ironwood Investment Management LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 1,703 shares of the retailer’s stock after buying an additional 20 shares during the period. Ironwood Investment Management LLC’s holdings in Costco Wholesale Corporation were worth $286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COST. Verus Financial Partners Inc. purchased a new stake in Costco Wholesale Corporation during the first quarter valued at $215,000. ELM Advisors LLC increased its stake in Costco Wholesale Corporation by 9.4% in the first quarter. ELM Advisors LLC now owns 3,775 shares of the retailer’s stock valued at $633,000 after buying an additional 325 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in Costco Wholesale Corporation by 7.2% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,865 shares of the retailer’s stock valued at $816,000 after buying an additional 328 shares during the last quarter. Horan Capital Management purchased a new stake in Costco Wholesale Corporation during the first quarter valued at $916,000. Finally, Ipswich Investment Management Co. Inc. increased its stake in Costco Wholesale Corporation by 0.6% in the first quarter. Ipswich Investment Management Co. Inc. now owns 16,401 shares of the retailer’s stock valued at $2,750,000 after buying an additional 95 shares during the last quarter. 74.14% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.01% during midday trading on Friday, hitting $156.65. The company had a trading volume of 1,886,996 shares. The company’s 50 day moving average is $155.46 and its 200 day moving average is $167.57. The stock has a market cap of $68.71 billion, a price-to-earnings ratio of 27.20 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 data 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. 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 company posted $1.24 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 1.28%. 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. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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Several analysts have recently weighed in on the company. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. Cowen and Company reissued an “outperform” rating on shares of Costco Wholesale Corporation in a report on Tuesday, June 6th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) downgraded 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 report on Friday, June 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock 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 Costco Wholesale Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the transaction, the director now directly owns 5,974 shares in the company, valued at approximately $957,512.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James P. Murphy sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total transaction of $906,500.00. Following the transaction, the vice president now owns 48,845 shares in the company, valued at $8,855,598.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,000 shares of company stock worth $2,677,430. Corporate 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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