Marshall & Sullivan Inc. WA boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.6% during the first quarter, Holdings Channel reports. The firm owned 1,590 shares of the retailer’s stock after buying an additional 10 shares during the period. Marshall & Sullivan Inc. WA’s holdings in Costco Wholesale Corporation were worth $272,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COST. Mercer Capital Advisers Inc. increased its stake in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares in the last quarter. CKW Financial Group raised its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock valued at $154,000 after buying an additional 540 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock valued at $163,000 after buying an additional 22 shares in the last quarter. 74.14% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (COST) traded up 0.01% during mid-day trading on Friday, hitting $156.65. 1,886,996 shares of the company’s stock were exchanged. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a 50 day moving average of $155.46 and a 200 day moving average of $167.57. The stock has a market capitalization of $68.71 billion, a P/E ratio of 27.20 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, beating the Zacks’ 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 return on equity of 20.45% and a net margin of 2.06%. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Equities analysts forecast that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s payout ratio is 34.66%.

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Several brokerages have weighed in on COST. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 3rd. Stifel Nicolaus set a $173.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $179.11.

In related news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was 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 of the company’s stock, valued at $792,109.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the transaction, the insider now directly 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 ninety days, insiders sold 15,000 shares of company stock valued at $2,677,430. 0.74% of the stock is owned by 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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